Peru President: Double taxation removal to lure investment from Japan

Presidente Kuczynski y primer ministro japonés, Shinzō Abe sostuvieron encuentro bilateral en APEC 2017.Foto:ANDINA/Presidencia

12:45 | Da Nang (Viet Nam), Nov. 10.

President Pedro Pablo Kuczynski highlighted Peru's progress in the elimination of double taxation with Japan, a measure that will enable the South American country to attract new investments and create more jobs.

Within the framework of the 25th edition of the Asia-Pacific Economic Cooperation (APEC) Summit, the Peruvian leader held a bilateral meeting with Japanese Prime Minister Shinzo Abe at Grand Mercure Hotel on Friday.

During this gathering, both dignitaries reaffirmed the friendship and cooperation ties uniting both nations, as well as their governments' commitment to strengthen bilateral relations.

"There are major Japanese firms [investing] in several projects such as Antamina mine, currently in operation; and Quellaveco, which is in the decision-making stage," the Head of State said.

"In both cases, a major investment is involved," he pointed out.

Other topics

At said meeting, President Kuczynski also requested support for Peru's accession process to the Organisation for Economic Co-operation and Development (OECD).

In this sense, the Japanese Prime Minister expressed his administration's commitment to helping the Inca nation once the debates on this matter begin.

According to Abe, Japan supports Peru's free and open economic policy. He added his country wants to cooperate with Peru in disaster risk prevention, transport, and infrastructure.

Likewise, the Japanese government official thanked the Andean nation for its decision of withdrawing its Ambassador from North Korea, and underscored its leadership in the Lima Group concerning Venezuela's crisis.

Peru's top official attended said bilateral meeting joined by Foreign Affairs Minister Ricardo Luna, as well as Foreign Trade and Tourism Minister Eduardo Ferreyros.

The Japanese delegation was composed of Foreign Affairs Minister Taro Kono, Senior Foreign Policy Coordinator Shu Kawano, as well as Latin American and Caribbean Affairs Bureau Director-General Takahiro Nakamae. 


Published: 11/10/2017
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