Trade between Peru and China has posted an annual average growth rate of 9% since the Free Trade Agreement entered into force in 2010, Foreign Trade and Tourism Minister Edgar Vasquez informed.
"A historical record was reached in 2018, since
Peruvian exports expanded 14%. Of note was the 17% rise of
non-traditional exports, which remain the lowest in percentage terms, but whose future potential is higher," he expressed.
"It is a market that has not been fully exploited nor adequately explored," the Minister added.
Furthermore, Vasquez pointed out the Inca nation's imports from China increased 13% in 2018.
Moreover, he noted the Asian giant is the biggest potential market in the world.
Remarks were made during the international conference "China's Belt and Road initiative and Peru," organized by Lima-based Pacifico University.
(END) CNA/DTK/RMB
Published: 6/1/2019