Strengthening Peru-China ties to promote trade

Strengthening Peru-China ties will allow both nations to build on the integration they have experien…

Strengthening Peru-China ties will allow both nations to build on the integration they have experienced in recent years and allow them to further develop economically in terms of trade and investment, a Peruvian economic official said on Saturday.

Peru is committed to strengthening its economic relations with China at all levels, said Peru-China Chamber of Commerce (Capechi) President Jose Tam during an interview with Xinhua here.

Noting that China is Peru's biggest trading partner and the largest destination of Peruvian exports, Tam said: "China has such a large consumer power in the world that there is space for everyone."

Apart from traditional raw materials such as metals, the Peruvian companies also export fruit such as grape, avocado, mango, asparagus and citrus fruit to the Asian nation.

Last year, trade volume between the two nations increased to 15.87 billion dollars, of which Peruvian exports accounted for 6.97 billion dollars, according to China's Ministry of Commerce.

The good relations maintained between Peru and China is supported by a free trade agreement endorsed in 2009, and in 2013 both countries further strengthened their relationship by adopting a comprehensive strategic partnership.

The comprehensive strategic partnership "isn't just words, it is real," Tam said, adding that the association would strengthen cooperation in the fields of education, technology, economy, trade and investment.