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
 Feb 9 2016 - Yemen's FM confirms that Yemeni legitimate authorities offer entering into meaningful dialogue with the rebels to end crisis in YemenSaudi Press Agency
(MENAFN - Saudi Press Agency) Yemeni Vice Prime Minister and Foreign Minister Abdulmalik Al-Makhlafi, stressed that the Yemeni legitimate authorities agree on any serious UN-sponsored dialogue with ...

 Feb 9 2016 - President Obama, Canada's Trudeau Discuss Efforts Against ISISSaudi Press Agency
(MENAFN - Saudi Press Agency) US President Barack Obama spoke by telephone Monday with Prime Minister Justin Trudeau of Canada to discuss Canadian contributions to the global coalition to counter ...

 Feb 9 2016 - Riyadh Region Governor to patronize 1st Festival for Productive Families of Disabled Persons tomorrowSaudi Press Agency
(MENAFN - Saudi Press Agency) Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region and Prince Sultan bin Salman bin Abdulaziz, President of Saudi Commission for Tourism and National ...

 Feb 9 2016 - Comoros' Chief Justice visits King Fahd Complex for Printing Holy QuranSaudi Press Agency
(MENAFN - Saudi Press Agency) The Chief Justice of Federal Republic of Comoros, Dr. Mohamed Sayyid Othman and his accompanying delegation visited here yesterday King Fahd Complex for Printing the ...

 Feb 9 2016 - Saudi Grains Organization Director General Receives Zambian Agriculture MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Director General of Saudi Grains Organization Engineer Ahmed bin Abdulaziz Al-Faris received here today Zambian Minister of Agriculture Given Lubinda and his ...

 Feb 9 2016 - A medical delegation from South Korea organizes a medical day in Saudi Specialist Clinics at Zaatari camp, JordanSaudi Press Agency
(MENAFN - Saudi Press Agency) A South Korean medical delegation consisting of 32 doctors and assistants has organized a medical day in Saudi Specialist Clinics at Zaatari refugee camp to be briefed ...

 Feb 9 2016 - Custodian of the Two Holy Mosques receives former British Prime MinisterSaudi Press Agency
(MENAFN - Saudi Press Agency) The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today former British Prime Minister Tony Blair.During the ...

 Feb 9 2016 - Syrian Siamese twins to be separated on SundaySaudi Press Agency
(MENAFN - Saudi Press Agency) The Syrian Siamese twins named (Toqa and Yaqeen) will undergo a separation operation at King Abdullah Specialist Children's Hospital at King Abdulaziz Medical City of ...

 Feb 9 2016 - Saudi- Shura Council Speaker receives an invitation to visit JapanSaudi Press Agency
(MENAFN - Saudi Press Agency) The Speaker of Shura Council Sheikh Dr. Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh received a message from the Speaker of Japanese Parliament Tadamori Oshima ...

 Feb 9 2016 - Saudi- Gabonese Consul General visits Islamic University in MadinahSaudi Press Agency
(MENAFN - Saudi Press Agency) The Undersecretary of Islamic University in Madinah, Dr. Ahmed bin Abdullah Katib, received here today the Consul General of the Republic of Gabon, Abdulaziz Branly ...

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