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 Saudi Arabia 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 Saudi Arabia 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
 Sep 26 2016 - The Euromoney Kuwait Conference: Meeting the Challenge of Financial Innovation and ReformMENAFN Press
(MENAFN Press) Kuwait City - 27 September The 8th annual Euromoney Kuwait Conference takes place today on 27 September 2016, at the JW Marriott Hotel in Kuwait City. Co-hosted by the Ministry of ...

 Sep 26 2016 - Oil Industry Must Focus on Sustainability, Says Top Petroleum Development Oman ExecutiveMENAFN Press
(MENAFN Press) Ms Intisaar Al Kindi to Represent Innovative Oman Oil Producer at Middle East’s Largest Oil & Gas Event Industry Transition and Resilience Set the Agenda for ADIPEC 2016 Abu ...

 Sep 26 2016 - Moderate quakes rattle Japan no injuries or damage reportedSaudi Press Agency
(MENAFN - Saudi Press Agency) TOKYO, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- A pair of moderate earthquakes rattled northern and southern Japan on Monday, but there were no immediate ...

 Sep 26 2016 - Pakistan launches polio vaccination drive amid tight securitySaudi Press Agency
(MENAFN - Saudi Press Agency) Islamabad, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- Pakistan on Monday launched a three-day national anti-polio campaign to vaccinate around 37 million ...

 Sep 26 2016 - Israeli occupation forces open fire on Palestinian homes in GazaSaudi Press Agency
(MENAFN - Saudi Press Agency) Gaza city, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- Israeli occupation forces targeted and opened fire on Palestinian homes, east of Khan Yunis in the southern ...

 Sep 26 2016 - Kingdom of Saudi Arabia participates in International Conference on Atomic Energy in ViennaSaudi Press Agency
(MENAFN - Saudi Press Agency) Vienna, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- The International Conference on Atomic Energy today opened its 60th session in the Austrian capital Vienna. ...

 Sep 26 2016 - Governor of Jeddah receives US Consul General in JeddahSaudi Press Agency
(MENAFN - Saudi Press Agency) Jeddah, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- Prince Mishaal bin Majed bin Abdulaziz, Governor of Jeddah, received here today United States Consul General in ...

 Sep 26 2016 - Saudi- Prince Miteb bin Abdullah bin Abdulaziz Receives Poland's AmbassadorSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, 25 Dhu-AlHijjah, 1437,September 26, 2016, SPA -- Prince Miteb bin Abdullah bin Abdulaziz, Minister of the National Guard, received here today Ambassador of ...

 Sep 26 2016 - Chinese stocks close below 3,000-mark after period of stabilitySaudi Press Agency
(MENAFN - Saudi Press Agency) Beijing, Dhu-AlHijjah 25, 1437, September 26, 2016, SPA -- Chinese shares fell below the symbolic 3,000-point mark on Monday, following months of greater stability and ...

 Sep 26 2016 - Saudi Food and Drug Authority bans import of poultry meat and eggs from TogoSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, 25 Dhu-AlHijjah,1437 AH, 26 September,2016 , SPA -- Saudi Food and Drug Authority has imposed a temporary ban on the import of poultry meat, eggs and their ...

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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