Peru Runoff, Part III: More hope should be pinned on China

Populist Keiko Fujimori and business-friendly Pedro Pablo Kuczynski are now tightly vying against each other prior to the general election runoff on June 5 in Peru.
Whatever the outcome, economist reminded that China should not be neglected as a foremost strategic partner, especially in the fields of trade and investment.

(Soundbite) Carlos Aquino, Director of Institute of Economic Research of San Marcos University
“Peru is one of the world’s leading exporters of grape, with which in factual step we are entering the Chinese market. The same thing happens with mango. The idea is that these value-added products would attract investment, help train more skilled workers, and eventually challenge Peru to have better exports and procure higher incomes.”

The trade volumes between China and Peru reached 15.5 billion U.S. dollars in 2015, a 7.7 percent rise over 2014.
The progress is very much attributed to the Comprehensive Strategic Agreement (AEI) established between the two countries in 2013.

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