Free Trade Agreement Between Singapore, Peru From August
[2009-07-23 10:46:25]
Singapore and Peru has signed a free trade agreement effective from August 1, local media reported on Wednesday.
It is the first pact between the Latin American nation and Asia,according to local TV broadcaster Channel News Asia.
Singapore's trade with Peru was worth 75.2 million Singapore dollars (about 52.6 million U.S. dollars) in 2008.
Peruvian Trade and Tourism Minister Martin Perez spoke on the sidelines of the Ministers Responsible for Trade Meeting of APEC 2009 that as talks on a global trade pact has stalled, Peru would move on with bilateral discussions.
The two-day Ministers Responsible for Trade Meeting, which kicked off here on Tuesday, is the first Ministerial Meeting of APEC 2009 chaired by Singapore. Trade ministers from 21 APEC economies are here to discuss policy responses to the economic crisis as well as preparing for recovery in the longer-term.
It is the first pact between the Latin American nation and Asia,according to local TV broadcaster Channel News Asia.
Singapore's trade with Peru was worth 75.2 million Singapore dollars (about 52.6 million U.S. dollars) in 2008.
Peruvian Trade and Tourism Minister Martin Perez spoke on the sidelines of the Ministers Responsible for Trade Meeting of APEC 2009 that as talks on a global trade pact has stalled, Peru would move on with bilateral discussions.
The two-day Ministers Responsible for Trade Meeting, which kicked off here on Tuesday, is the first Ministerial Meeting of APEC 2009 chaired by Singapore. Trade ministers from 21 APEC economies are here to discuss policy responses to the economic crisis as well as preparing for recovery in the longer-term.
Source: Xinhua
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