Saturday June 14, 2025
  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast
Versión Español
PanAm Post
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact
No Result
View All Result
PanAm Post
No Result
View All Result

Home » Peru’s President Leads Defense of Free Trade at Asia-Pacific Summit

Peru’s President Leads Defense of Free Trade at Asia-Pacific Summit

Karina Martín by Karina Martín
November 10, 2017
in Economics, Featured, International Relations, News Brief, Peru, Policy, Politics, South America
FacebookTwitterTelegramWhatsapp
(Twitter)
PPK explained the importance of promoting the free market, and its ability to foster development. (Twitter)

Español The President of Peru, Pedro Pablo Kuczynski traveled to Vietnam to take part in the 2017 Asia-Pacific Economic Cooperation Summit and stressed the importance of free trade.

PPK explained the importance of promoting the free market, and its ability to foster development. He noted the importance of being part of the largest international trade group in the world “representing 60 percent of international trade.” He pointed to his own country as an example, claiming that Peru now has a positive global image and is open to investments.

RelatedArticles

CNN Fake News: The Network’s Efforts to Justify Its Actions May Be Worse than Its Actual Flawed Reporting

CNN’s audience in 2024 was the lowest in its history

December 21, 2024
The silence of the Democrats will be the main course on Thanksgiving

The silence of the Democrats will be the main course on Thanksgiving

November 28, 2024

In fact, in the third quarter of 2017, exports managed to bring the balance of trade to USD 2.752 billion for the country for the first time since 2013. Peru has the highest growth in South America, the highest public investment and the lowest inflation rates.

APEC was created in 1989 for the purpose of dealing with issues of trade exchange and economic coordination between member countries. The first meeting of the forum leaders took place in 1993, but it was not until 1998 that Peru joined.

Currently, APEC is made up of 21 members: Australia, Brunei Darussalam, Canada, Chile, The People’s Republic of China, Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Korea, Chinese Taipei, Thailand, United States and Vietnam.

PPK explained that all of these countries must fight against “negativism” and continue with investment agreements such as those Peru has with countries such as China, Vietnam and Japan. Additionally, PPK said he is trying to close a free trade agreement with Australia, one of the main points on his agenda.

Australian Prime Minister Malcolm Turnbull explained that the treaty “will create exports, income and jobs,” eliminating 99 percent of tariffs on Australian imports, thus making it easier for Peruvians to access products from the country.

  • Read More: Boost in Exports Hands Peru Its First Trade Surplus in 4 Years
  • Read More: Two Hotels in Peru among the World’s Top 50 in Condé Nast Ranking

Though it is not yet known when these agreements — which have taken seven years to establish — will go into effect, the leaders of both nations have already signed a document declaring their intention to finalize the treaty.

PPK also met with Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe. In both meetings, PPK sought to strengthen Peru’s friendship with Asian countries and discuss the possibility of increasing investment and trade.

El presidente @ppkamigo sostuvo un encuentro bilateral con el primer ministro de Japón @AbeShinzo en donde evaluaron diferentes posibilidades para incrementar la inversión y el comercio entre ambas naciones. #APEC2017 pic.twitter.com/lrysiWeYAp

— Presidencia del Perú ?? (@presidenciaperu) November 10, 2017

“These latest agreements will push economic growth, which, at the end of the day, translates to a decrease in poverty,” Minister of International Commerce and Tourism, Eduardo Ferreyros, said.

Presidente @ppkamigo: “Las nubes oscuras del proteccionismo se disiparán, hay que luchar por el libre comercio”. #APEC2017 pic.twitter.com/TESWjPLA9I

— Presidencia del Perú ?? (@presidenciaperu) November 9, 2017

PPK was accompanied by the Minister of Foreign Affairs Ricardo Luna at the summit, as well as the Chief of Protocol and State Ceremonies Juan Carlos Gamarra and Adviser of International Affairs Roberto Rodríguez.

The summit was also attended by leaders of the World Bank, the Asian Development Bank, the World Economic Forum, the Organization for Cooperation, as well as Economic Development and the Asian Infrastructure Investment Bank.

 

Sources: La República, El Comercio, RPP Noticias, Vietnam, El Peruano, El Comercio.

Karina Martín

Karina Martín

Karina Martín is a Venezuelan reporter with the PanAm Post based in Valencia. She holds a bachelor's degree in Modern Languages from the Arturo Michelena University.

Related Posts

CNN Fake News: The Network’s Efforts to Justify Its Actions May Be Worse than Its Actual Flawed Reporting
Ideology

CNN’s audience in 2024 was the lowest in its history

December 21, 2024
The silence of the Democrats will be the main course on Thanksgiving
Culture

The silence of the Democrats will be the main course on Thanksgiving

November 28, 2024
These are the 21 individuals sanctioned by the U.S. for fraud and repression in Venezuela
Elections

These are the 21 individuals sanctioned by the U.S. for fraud and repression in Venezuela

November 27, 2024
Yamandú Orsi, from the leftist Frente Amplio, wins the Presidency of Uruguay
Elections

Yamandú Orsi, from the leftist Frente Amplio, wins the Presidency of Uruguay

November 24, 2024
Can Socialism Compete “On Equal Terms” in the Field of Ideas?
Argentina

Can Socialism Compete “On Equal Terms” in the Field of Ideas?

November 20, 2024
"The people must come to an agreement," said Colombian President Gustavo Petro regarding the outcome of the elections in Venezuela, ignoring the fact that Venezuelans had already expressed themselves at the polls. (File photo)
Colombia

Petro Calls Venezuelan Elections a “Mistake”: What Lies Ahead for Colombia?

November 19, 2024
Next Post
Mexico Ranks First in Latin America in World Bank’s Doing Business Index

Mexico Ranks First in Latin America in World Bank's Doing Business Index

Subscribe free and never miss another breaking story

  • Venezuela
  • Mexico
  • Colombia
  • Chile
  • Brazil
  • Argentina
  • Podcast

© 2024 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

No Result
View All Result
  • Home
  • Regions
    • South America
    • North America
    • Central America
    • Caribbean
  • Politics
  • Economics
  • Opinion
  • Podcast
  • Authors
  • Contact

© 2024 PanAm Post - Design & Develop by NEW DREAM GLOBAL CORP. - Privacy policy

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy and Cookie Policy.