Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Trade to top agenda of Peruvian president's talks in Saudi Arabia  Join our daily free Newsletter

MENAFN - Arab News - 23/08/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Peruvian President Ollanta Humala is expected to visit #SaudiArabia in 2015 to participate in the fourth Summit of South American and Arab Countries (ASPA) and launch negotiations for a free-trade agreement.

'A memorandum of understanding (MoU) was signed last year by #Peru Saudi Arabia and other GCC countries' Peruvian Ambassador Eduardo Martinetti told Arab News.

He added that 'the MoU indicates that #Peru Saudi Arabia and the other GCC countries will adopt measures for expanding and liberalizing their trade relations including establishing a free-trade area between them.'

He also said that #Peru is looking forward to the meeting since such an agreement will not only boost its multilateral trade with the Gulf but also bolster economic and financial joint ventures.

The Peruvian Embassy has started the groundwork ahead of the upcoming negotiations.

'Every country involved will form a committee comprising experts and advisers from the private sector so that their views and interests can be harmonized' the Peruvian envoy said. 'The ASPA summit will be attended by the Peruvian president and eleven other South American heads of state as well as monarchs and prime ministers from 22 Arab countries' said Martinetti who arrived in the Kingdom as the first Peruvian ambassador in July 2012.

Martinetti added that the previous ASPA Summit was held in Lima #Peru with the attendanceof high-ranking officials from #SaudiArabia and other GCC and Arab League countries.


President Humala a former army officer who ran for office in 2011 leads a booming economy whose GDP has twice doubled since 2000 boasting the highest growth rate among South American countries for 13 years in a row.

The diplomat recalled the first shipment of Saudi dates sent to Lima which was delayed by Peruvian sanitary officials until it complied with local regulations. 'With the support of the Saudi Embassy in Lima this case enabled the two countries' regulatory entities to establish a closer relationship' he said.

'Businessmen in both countries need to be fully aware of the rules and regulations regarding exports to and from #Peru so that products can reach the market without delay.'

Benefiting from its vast and diversified resources and exports #Peru pursues an open economy and has signed free-trade agreements with all its major trading partners including the United States #China and the European Union.

'Peru is big on mining although the country has prospected only 25 percent of its total territory' the ambassador said. He added that his country ranks first in Latin America in gold production second in silver worldwide and third in copper tin and zinc. He remarked that #Peru has also been a fishing country for decades and a first-world exporter of fish meal and fish oil making it an important fish exporter.

 


Arab News




  MENA News Headlines
 Apr 28 2017 - Iran, Russia defense ministers discuss Syria crisis in MoscowTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 27 By Fatih Karimov – Trend: Iranian Defense Minister Brigadier General Hossein Dehqan and his Russian counterpart, Sergei Shoigu, held ...

 Apr 28 2017 - Uzbekistan, Kuwait hold first round of political consultationsTrend News Agency
(MENAFN - Trend News Agency ) Tashkent, Uzbekistan, April 27 By Demir Azizov– Trend: The first round of political consultations between the foreign ministries of Uzbekistan and Kuwait was ...

 Apr 28 2017 - Russia fulfilled its S-300 missile system deal with Iran - Rostec CEOTrend News Agency
(MENAFN - Trend News Agency ) Last year, Russia fulfilled all its commitments under the contract to deliver S-300 air defense systems to Iran, said Sergei Chemezov, the CEO of Russia's state ...

 Apr 28 2017 - Azerbaijani currency rates for April 28 (UPDATE)Trend News Agency
(MENAFN - Trend News Agency ) Details added (first version posted on 09:33) Baku, Azerbaijan, Apr. 28 Trend: Official exchange rate of the US dollar and euro to Azerbaijani manat for ...

 Apr 28 2017 - OPEC oil price dropsTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Elena Kosolapova– Trend: The price of OPEC basket of thirteen crudes stood at $48.90 a barrel on April 27, compared with $49.63 the ...

 Apr 28 2017 - Tase: EU measures on Ankara divert attention from real challengesTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Anakhanum Hidayatova – Trend: PACE's decision to bring back monitoring of Turkey's commitment to its obligations to the Council of ...

 Apr 28 2017 - Iran commander thanks health minister for helping 'resistance' in SyriaTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Khalid Kazimov – Trend: The Commander of Iran's Quds Force Qassem Soleimani in a letter to Health Minister Mehdi Qazizadeh Hashemi ...

 Apr 28 2017 - Turkish armed forces strike back at PYD positions in SyriaTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Orkhan Quluzade – Trend: Turkish Armed Forces struck back at positions of the Democratic Union Party (PYD) terrorist group in ...

 Apr 28 2017 - Israeli gymnast says happy to perform at FIG World Cup in BakuTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Leman Zeynalova – Trend: Israeli gymnast Nicol Zelikman says she is happy to participate with her program in Baku. She today ...

 Apr 28 2017 - Tase: EU measures on Ankara divert attention from real challengesTrend News Agency
(MENAFN - Trend News Agency ) Baku, Azerbaijan, Apr. 28 By Anakhanum Hidayatova – Trend: PACE's decision to bring back monitoring of Turkey's commitment to its obligations to the Council of ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help