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China and Peru Sign Free Trade Agreement, Extending Asian Influence in Latin America
China and Peru signed a free trade agreement today (Wednesday) that will pave the way for further cooperation between the two countries and broaden China’s influence in Latin America.
Chinese President Hu Jintao landed in Peru along with a delegation of nearly 600 business leaders and finance ministers that will accompany him to this weekend’s Asia-Pacific Economic Cooperation (APEC) summit in Lima. However, before the conference officially kicks off, President Hu and Peruvian President Alan Garcia signed a free trade agreement that will likely result in China overtaking the United States as Peru’s biggest trading partner.
The mineral-rich Peru, which is…
20Nov2008 | Money Morning | Comments Off | Continued
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