China

China and Peru Trade Agreement

This week Peru and China concluded their discussions on a new FTA (Free Trade Agreement). This move is symbolic to the new era of rapidly developing bilateral ties.For the past year the two nations have strengthened poltical mutual trust, continued political contact, expanded trade links and enhanced cultural exchanges, and maintained close consulation and cooperation in internal and regular affairs.

This aggressive move towards a more productive and beneficial agreement has been welcomed with open arms by both nations. This agreement will cause the two nations to now bridge the gap between the two regions as well as become independently working nations out of their own areas. Since these two nations will now depend on one another for various products and economic dealings, they will be more likely to try and maintain peace and prosperity, not just within their nations but with each other. Although some Peruvians do feel that this trade agreement may harm their own economics, due to a creation of a potential job shortage, the general feeling amongst citizens and the government is that this a wise and strong step to prove to be a major world player.

Liberal

http://news.xinhuanet.com/english/2008-11/20/content_10386865.htm

http://news.bbc.co.uk/2/hi/asia-pacific/7738930.stm

November 21, 2008 at 11:28 am