Chinese Ambassador to Peru Liang Yu has projected that his country's growth will continue to boost Peruvian exports of mineral products and foodstuffs —within the framework of 50 years of diplomatic relationship between the two nations.
The diplomat stressed that the bilateral relationship is in its best moment as both nations are trade partners united by very deep historical ties. Besides, 10% of the Peruvian population has Chinese ancestry.
"Peru has been one of the first Latin American countries to establish diplomatic relations with China," he highlighted.
Likewise, the envoy pointed out that Peru and China have established a comprehensive strategic partnership and signed a
Free Trade Agreement (FTA) that entered into force 11 years ago.
"We are negotiating the optimization of this treaty; I believe that it will lay a more solid foundation for the future of trade and investment cooperation," he stressed.
Furthermore, the ambassador said that the trade volume grew 1,200 times over the last 50 years.
Investments
On the other hand, Ambassador Liang Yu commented that China accounts for 30% of Peru's foreign trade volume and highlighted the Asian Giant's investment.
"China is one of the main investors in Peru; we have important projects in mining, hydrocarbons, electricity, transportation, telecommunications, and finance," he detailed.
Moreover, the ambassador indicated that China is one of the main investors in Peru (US$30 billion).
Peru is also the second destination for Chinese investments —after Brazil— in Latin America.