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Peru and other 10 countries to sign revamped TPP trade deal in Chile

in AMERICAS/ECONOMY/PRESS RELEASE by

Peru’s Foreign Trade and Tourism Minister Eduardo Ferreyros will head to Chile, where he will sign the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Thursday, March 8. Countries under CPTPP —a revised version of the Trans-Pacific Partnership (TPP) trade agreement— include Australia, Brunei, Canada, Chile, Japan, Mexico, Malaysia, New Zealand, Peru, Singapore, and Viet Nam. In addition to the signing ceremony, Ferreyros will attend a series of high-level bilateral meetings in the Chilean capital of Santiago. An agreement among Peru and the 10 countries making up the CPTPP will grant the Andean nation access to a market whose GDP accounts for 13% of the world’s total GDP.

Peru and the USA expect the Summit of the Americas to agree on concrete measures

in AMERICAS/POLITICS by

The governments of Peru and the United States today agreed on the need for the next Summit of the Americas, to be held in Lima in April, to yield concrete results and not mere declarations, said Peruvian Foreign Minister Cayetana Aljovín. According to Aljovín, the development of the Summit of the Americas was one of the topics discussed at the meeting held this afternoon with Rex Tillerson, Secretary of State of the United States, who began today an official visit to Peru. Aljovín added that in the meeting they talked with Tillerson about the excellent state of bilateral relations between the United States and Peru, and agreed to cooperate to continue deepening them in other fields, such as investments. Another point of the conversation, she reported, was Peru’s participation in the Security Council of the United Nations. In that regard, she stressed that Tillerson thanked Peru’s willingness to “build consensus” within the Security Council.

China races to beat gas supply crunch as big chill and Lunar New Year loom

in ASIA/ENERGY by

The Chinese authorities have reinforced the gas supplies in sight of expected heating spike over the holidays, to avoid a repeat of December’s chaos, which saw serious supply shortages. To ensure supplies before the longest holiday in the Chinese calendar, some 60 ships carrying more than 4 million tonnes of LNG are on their way to China this month, the third highest total behind December’s 5.1 million and November’s 4.36 million tonnes. The shipments are coming from unusual origins, Equatorial Guinea and Angola in Africa, Peru in South America, and Trinidad and Tobago, and several are also coming from the United States. Domestic producers are also churning out more gas. China’s December gas output was the highest since at least 2014. The urgency for gas has lifted Chinese prices by 15-18 per cent within a week to 6,650 yuan (US$1,039.87) per tonne.

Cayetana Aljovín: Peru and China will continue to deepen their strategic relationship

in AMERICAS/POLITICS by

The Minister of Foreign Affairs, Cayetana Aljovín, said today that Peru and China will continue to deepen their strategic relationship and friendship bond. Aljovin held a bilateral meeting with Chinese Foreign Minister Wang Yi today, in the framework of the Forum of the Community of Latin American and Caribbean States (Celac) and China, which takes place in Chile. At the meeting of foreign ministers a road map was agreed on 2019-2021 that will guide the actions that allow deepening cooperation and investment in both blocks, among other issues. As part of the meeting, Aljovín also held bilateral meetings with the Minister of Foreign Affairs of Chile, Heraldo Muñoz.

Arequipa earthquake: Peru Gov’t remains attentive, at service of citizens

in AMERICAS by

Prime Minister Mercedes Araoz affirmed Peruvian State remained attentive and at the service of citizens after a 6.8-magnitude earthquake hit the coast of Arequipa region early Sunday. The aim was to assist those affected and prevent families from spending the night in the open air. According to the senior official, the Government declared a state of emergency in the affected area to take swift action and repair the damage caused by the seismic event.

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