Peru Foreign Trade Min: Country to strengthen relations with Spain

Peru’s Foreign Trade and Tourism Minister Magali Silva announced the governments of Peru and Spain will strengthen trade, political and economic relations thanks to the official visit Peruvian President Ollanta Humala pays to the European country on July 05-10. 

She went on to add both countries have been strengthening trade and investment relations for over 10 years.

“Almost 300 Spanish enterprises, among small and medium-sized ones, have picked our country as main destination for their investments; whereas, Peru established a great presence due to its exporting supply, gastronomy, culture [...] in the Spanish market,” the Minister pointed out.

According to Silva, Spanish investors’ presence consolidates trade relations by boosting joint ventures among both nations’ enterprises to later export Peruvian products.

“Our country maintains a favorable trade balance due to exports, which reach US$1.760 billion in comparison with the imports totaling US$800 million,” the Minister pointed out.

Delegation

The Ministers accompanying the President will develop an important agenda, which comprises holding meetings with their Spanish counterparts to strengthen bilateral relations.

“As Foreign Trade and Tourism Minister, I have been appointed to promote the benefits related to the legal and macroeconomic stability our county offers as the destination for investments,” Silva pointed out.

The topic will be addressed in the Peru-Spain Entrepreneurial Forum to be held on July 7 – 8.