Brazil to become Peru's most important partner in a few years

Miguel Vega Alvear.

Miguel Vega Alvear.

10:38 | Lima, Dec. 06 (ANDINA).

In a few years Brazil will become the most important partner of Peru, on issues relating to investment, industry and technology, said the president of the Binational Chamber of Commerce and Integration, Miguel Vega Alvear.

Vega Alvear highlighted the Dec. 11 visit of Brazilian President Luiz Inácio Lula da Silva to Peru. It was reported that the Brazilian leader will arrive in Lima accompanied by a group of ministers and government senior officials as well as a trade mission composed of representatives from the 150 largest companies of Brazil.

"We are talking about a turning point in the country’s history, because an important relationship between Peru and Brazil is being further strengthened, interconnecting the Pacific Basin with the Atlantic in a strategic alliance," he told Andina.

The businessman stressed that in Peru there is now a consensus in both private and public sectors, “we are on the right path towards integration with Brazil.”

In that context, he mentioned that Brazil is destined to become one of the most important investors in Peru, to the point that it has planned to build 15 hydropower plants in Peru, to produce 9000 megawatts, representing an investment over US$ 12 billion.

"Investment is increasing at a significant rate. Peru-based Brazilian companies have made very large investments while others will come to invest in the country’s new sectors," he said.

(END) FPQ/GCO/EEP


Published: 12/6/2009