Peru president wants stronger mining relations with China
The president of Peru has outlined plans to expand into mineral refining to rouse the country’s economic activity – by improving current trade relations with China.
Pedro Pablo Kuczykinski, the former investment banker turned President of Peru, has declared that the country needs to prioritise mineral extraction and trade relations with China.
“China is our number one trading partner and they are the ones who purchase our minerals,” Kuczynski said.
We are an economy with enormous natural resources, but we have to industrialise and that is no easy task. So, we will have to work with those who buy significant amounts of our exports, which means, to a large extent, China,”
As Peru’s largest mining investor, the total value of bilateral between Peru and China is believed to stand at around US$15billion.
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