The Associated Press reported that Peru signed a free trade agreement with China on Tuesday. The article states that trade between China and Peru reached $5.5 billion in 2007, up from $2 billion in 2004. This was "mostly on the strength of mineral exports from the Andean nation."
The pact is not without critics. Many Peruvians fear that it will force manufacturers to close due to cheaper imports.
This is China's second trade deal in the region. It has an existing agreement with Chile.
The pact is not without critics. Many Peruvians fear that it will force manufacturers to close due to cheaper imports.
This is China's second trade deal in the region. It has an existing agreement with Chile.
Image-Todo-Peru.com
Online sources: Forbes.com
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