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India has decided to start talks for a Free Trade Agreement (FTA) with Peru in an effort to boost bilateral relations and expand India's trade and investment ties, especially in the agri business as well as commodities like gold, with the Latin American region.
"India has informed the government of Peru that it has set up a working group that will engage in joint studies for the negotiation of a trade agreement between the two countries," Javier Paulinich, ambassador of Peru to India, told FE. This is the first time India has offered such a study for negotiations towards an FTA to a Latin American country.
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French company specializing in export credit insurance, Coface, highlighted the favorable outlook for the Peruvian economy in the medium-term and its fiscal soundness among Latin American nations.
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In the framework of the National Accord Forum's session Nr. 113, the linkages process between Peru and the Organisation for Economic Co-operation and Development (OECD) will be presented.
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Peru has double the amount of Net International Reserves (NIR) than other countries of the Pacific Alliance, in terms of GDP, affirmed the Peru's Finance Minister, Alonso Segura.
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 In the current year, Peruvian economy will be the highest growing in Latin America due to infrastructure and mining sectors, said the Development Bank of Latin America (CAF) Director Representative, Eleonora Silva.
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 Peru's energy and mines ministry (MEM) approved the environmental impact study for Buenaventura's US$200mn Tambomayo gold-silver project, which the company is counting on to boost flagging output. The 1,000t/d project, which has reserves of 1.6Mt grading 12.3g/t gold and 11.8oz/t silver, is expected to produce 150,000oz/y gold, Buenaventura CEO Roque Benavides said. The company may later expand treatment capacity to 3,000t/y, he added.
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 The Minister of Finance, Alonso Segura, affirmed the fuel's price reduction, enacted by the Peruvian Government will enable to expand the economic growth.
This way, the economy will grow by 4.8% this year.
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 Pluspetrol has agreed to talk with native Achuar Indians since they began occupying their oil wells in protest last Monday. Today the oil company called for discussion and dialogue over the approximately 380 indians who have occupied and blocked oil production since Monday.
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Peru's banana and plantain production and exports are expected to increase over the course of 2015, according to a new report. Consultancy group Maximise said it saw production climbing 2.6 per cent in 2015, the result of strong management efforts in Piura coupled with higher demand for organic bananas in Europe and the US, Peru This Week reported. |
 Officials are calculating losses to fruit and other crops in parts of northern Peru battered by torrential rains and heavy winds last month. Agriculture minister Juan Manuel Benites Ramos has announced a series of measures to help producers and families affected by last week's flooding of the Huallaga river in San Mart�n in northern Peru which has left hundreds of hectares of agricultural land under water. The main losses are thought to be to maize and fruit production.
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 A total of 166,847 mobile phone users in Peru decided to migrate to other operators through mobile number portability between July and December 2014, reported the Supervisory Agency for Private Investment in Telecommunications (Osiptel).
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 Telefonica and Movistar were the most fined communications companies by Osiptel in 2014. Osiptel, the regulator of telecommunications, filed 116 fines last year and saw Telefonica, Movistar, and Claro ranked for the most fines.
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The Economist ranked Peru among the top 50 safest cities according to a study conducted by The Economist Intelligence Unit (EIU). The Safe Cities Index 2015 recorded Peru at number 33 based on an index made up of more than 40 indicators spanning categories of digital security, infrastructure safety, and personal safety. |
Peru's Defense minister, Pedro Cateriano, held a meeting with the Republic of South Korea's Deputy Minister of Defense, Baek Seung-joo.
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The South Korean military is seeking to export $1 billion worth of an indigenous light attack aircraft to Peru, informed sources said Tuesday.
"We've been pushing to sell 24 units of the FA-50 to Peru, and are planning to submit a proposal for Lima's fighter purchase project this month," said a source, requesting anonymity.
"Factoring in the necessary logistics support, the total amount of the envisioned exports would reach $2 billion."
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At 3900m, in the central Andes, a new species of Peruvian frog was discovered in 2012 during a survey of the upper Pisco valley. This is not the ideal time for frogs,with chytridiomycosis rife and the presence of the fungus responsible in this location. The unusual discovery means the species must be rare, as it should have been recorded before, even in its tightly-restricted and arid coastal valley. Telmatobius ventriflavum has 2 close relatives that have been described but have few known specimens to compare. The tadpoles would be useful, but again, few of all the species have been seen! The adult is spectacularly bright yellow and dark brown, with red spots, and an orange coloration beneath, making it easy to identify.
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Peruvian documentary "Pucara: Hacedores de Ceramica" will be featured in the Iquique International Film Festival's 7th edition in Chile starting this weekend.
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For those of you who aren't aware, we are in the midst of the first London Pisco Sour Week. It coincides with the longer-standing International Pisco Sour Day which falls on the first Saturday of February - that's Friday 7 Feb this year - and is a national holiday in Peru. Clearly the marketing bods behind it felt that with the boom in Peruvian restaurants in London of late, one day was just not enough. |
For romance or friendship, escape to Cusco with your loved ones!
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 This beach can be found in Ica, Peru and provides a welcome change from the typical, over-crowded summer hangouts.
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The Peruvian Association of Rock Art (APAR) is searching to prove the mystery behind the recently discovered petroglyphs at Checta archaeological site.
Petroglyphs located just three hours away from Lima were discovered that date back to five million years ago and experts claim they have great implications for Peruvian writing history, migration of groups, and ancient cultural periods.
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Transparency International, one of the world's leading better-governance and anti-corruption organizations, just elected Peruvian Jose Ugaz as its chairman. VOA's Jeffrey Young spoke with Mr. Ugaz about the state of corruption in the world, and where the major trouble spots are.
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A VRAEM Special Command Patrol Unit blocked and destroyed a Cessna U-20160 aircraft, registered under the following series CP-2910.
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