Andina

Peru and Armenia: Bilateral trade has great growth potential

Photo: ANDINA/Melina Mejía

Photo: ANDINA/Melina Mejía

18:00 | Lima, Mar. 5.

The President of the Republic of Armenia, Vahagn Khachaturyan, stated that bilateral trade with Peru has significant growth potential and indicated that both countries are highly interested in strengthening their friendship and diplomatic relations.

During an interview with Andina News Agency, the Armenian leader recalled that his country's Foreign Affairs Minister visited Lima last year to promote important agreements aimed at further strengthening political and economic ties between both nations.


Vahagn Khachaturyan noted that trade relations between Peru and Armenia currently show a positive balance.
He mentioned that Armenia's exports to Peru range between US$5 million and US$7 million, while Peru's exports to Armenia are between US$3 million and US$4 million.

"Armenia exports metallurgy materials to Peru, while Peru exports food and condiments to Armenia (...) and trade between both nations has the potential to grow, to continue growing," he pointed out.


From his perspective, trade could be promoted in the mining and agricultural sectors. Additionally, Armenia can offer Peru cooperation in high technology, which accounts for 7% to 8% of its Gross Domestic Product (GDP).

President Khachaturyan indicated that distance is not an obstacle to fostering closer ties between the two nations, as reflected in his visit to Peru.

He also noted that one of the instruments that could strengthen the relationship between Armenia and Peru is an agreement to eliminate the visa requirement for tourism travel between both countries, which would increase the flow of visitors.

"We must allow citizens to visit both countries freely, meaning the elimination of visas. We discussed this with the President of Peru, and we agree on facilitating travel for both ordinary citizens and diplomats without requiring entry permits to Armenia," he stated.

In this context, the distinguished visitor expressed confidence that such an agreement could soon be finalized, as it would encourage tourism and business opportunities.

As part of his visit to Peru, the Armenian President met with Peruvian Head of State Dina Boluarte and visited the Editora Peru facilities, where he toured Andina News Agency and the Official Gazette El Peruano.

(END) CVC/JMP/MVB

Published: 3/5/2025