Peru: Government reaffirms its will to continue strengthening its trade ties with China | News | ANDEAN

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The President of the Republic Pedro Castillo Thursday opened the 130th edition of the Canton Fair, noting that the government of Peru recognizes the importance of China as Peru’s strategic partner in the Asia-Pacific region, mainly in the field of foreign trade and investment.

“Bilateral relations, the diplomatic field and that of commercial interest for the benefit of all Peruvians are strengthened with this type of events”, he declared after having participated in this great event which includes a wide range of exhibitions. and business volumes.

In his opening speech, delivered virtually, the Peruvian Head of State underlined his firm desire to continue strengthening trade and economic relations, cementing the bonds of friendship between the two countries.

The Peruvian leader spoke of the importance of China as Peru’s main trading partner. Last year, bilateral trade amounted to more than US $ 22 billion, driven by Peruvian exports to Chinese territory, which totaled US $ 12.5 billion, a trade surplus in favor of Peru. .

The senior official noted that trade with China not only creates greater opportunities for economic growth, but also improves the quality of life of the Peruvian people.

Likewise, he pointed out that it is a very popular event that serves to share knowledge, technology and culture.

In this regard, Mr. Castillo noted that, despite the pandemic, trade flows rebounded in the first half of the year for a total of US $ 14.5 billion, an increase of 75% over the same period in 2020, mainly supported by the increase in Peruvian exports of fishing, mining and agro-industrial products.

About the fair

The China Import and Export Fair, also known as the Canton Fair, was established in 1957 and is held every spring and fall in Guangzhou, China. Since 2020, in the face of the raging global coronavirus pandemic and severely affected global trade, the Canton Fair has been put online.

Canton Fair strengthens trade relations between China and the world, demonstrating China’s image and development achievements.

(FIN) NPD / JCR / RMB

Posted: 10/14/2021


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