Japan, Peru ink investment treaty
Sunday, 23 November 2008
LIMA, Nov 21 (AFP): Japan and Peru signed today a treaty to encourage investment and agreed to consider starting talks on a broader free-trade accord.
Japanese Prime Minister Taro Aso inked the deal ahead of this year's Asia-Pacific Economic Cooperation (APEC) summit in Peru, which has also used the occasion to seal a trade pact with China.
The accord with Japan aims to create a better environment for investment in each country by getting rid of unnecessary red tape and giving investors most-favoured trading nation status, Japanese officials said.
Japan started negotiations on the deal in March. It is Japan's second such treaty with a South American country after a broader free-trade accord-which includes sharp tariff reductions-with Chile.
During talks, Aso told Garcia that his government would "positively" consider starting negotiations with Peru on a broader free-trade agreement, the Japanese official said.
Japanese Prime Minister Taro Aso inked the deal ahead of this year's Asia-Pacific Economic Cooperation (APEC) summit in Peru, which has also used the occasion to seal a trade pact with China.
The accord with Japan aims to create a better environment for investment in each country by getting rid of unnecessary red tape and giving investors most-favoured trading nation status, Japanese officials said.
Japan started negotiations on the deal in March. It is Japan's second such treaty with a South American country after a broader free-trade accord-which includes sharp tariff reductions-with Chile.
During talks, Aso told Garcia that his government would "positively" consider starting negotiations with Peru on a broader free-trade agreement, the Japanese official said.