LIMA (Reuters) – Peru’s president signed defense and mining cooperation agreements with his Japanese counterpart on Sunday, following an official visit between the two leaders just after the Asia-Pacific Economic Cooperation summit hosted by Lima.
The agreements were signed by Peruvian President Dina Bolvarate and Japanese Prime Minister Shigeru Ishiba, who in his remarks described it as a roadmap for 10 years of cooperation.
Part of the deal includes helping to develop the mining supply chain. Peru is one of the world’s largest producers, while Japan is a major consumer of the key industrial metal.
After the APEC summit, Peru also signed a defense cooperation agreement with South Korea, including a submarine deal. Hyundai Heavy Industries (KS:) and another contract with Korea Aerospace Industries to produce parts for fighter jets, according to Bolvarat’s foreign minister.
Last week, Peru officially opened the Chinese-built Pacific coast megaport of Chancay, with Chinese President Xi Jinping in attendance, promising faster and more efficient trade between Latin America and Asia.
