Investment Cooperation between UAE & Peru

Minister of Foreign Trade Sheikha Lubna Bint Khalid Al Qasimi met with Deputy Foreign Minister of Peru Jose Beraun in Abu Dhabi and discussed with him the ways for activating trade and investment cooperation between UAE and Peru. At the meeting held at the MOFT headquarters, they hailed the continuous development of bilateral relations and cooperation between the two countries.

Sheikha Lubna stressed UAE's keenness to bolster ties with Peru in various areas, especially in the avenues of trade, investment and economy. Baraun spelt out the diligence of Peru on enhancing relations with UAE as well as other Arab countries. He also stressed the importance of the forthcoming Third Summit of South American and Arab Countries (ASPA) to be held in Lima in October this year.

Baraun is on a tour of the Arab countries ahead of the economic-political summit, which will group 36 Arab and Latin American countries. The volume of bilateral trade between UAE and Peru stood at USD 22 million during last year, recording a 18 percent increase compared to the preceding year.