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  • India – Peru discusses ways to enhance economic cooperation

    Published on January 17, 2011

    India and Peru today discussed ways to enhance economic cooperation and tap areas like minerals, hydrocarbons, engineering and IT.

    In a meeting New Delhi, Minister of Commerce and Industry Anand Sharma and Peru’s Minister of Trade and tourism Eduardo Ferreyros said that both the countries should actively work together for enhancing economic cooperation.

    An official statement said that most important sectors that can be tapped are minerals, hydrocarbons, engineering, IT, science and technology. At present, Peru is India’s eighth largest trading

    partner in Latin America.

    The two-way commerce between the two countries in 2009-10 was about USD 411 million.

    India’s exports to Peru comprise of drugs, chemicals, cosmetics, rubber products, bicycles, motorcycles, machinery textiles and handicrafts. Imports from Peru are copper wires, minerals, zinc and wood products.