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  HOME | Peru

Peru and Brazil Agree to Strengthen Alliance, Boost Trade

LIMA – Peruvian President Ollanta Humala and Brazil’s Dilma Rousseff agreed on Monday to promote regional integration and trade as they marked the 10th anniversary of the bilateral strategic alliance.

Rousseff arrived Monday in Lima on her fourth visit to Peru since Humala took power.

She called the strategic alliance an “invaluable framework for our relations,” one that has produced “a series of bilateral projects implemented with very concrete results for our citizens.”

The strategic alliance has a 24-point agenda, notable among which is the two countries’ physical and economic integration through infrastructure projects for roads, electric power and ports.

Among the completed projects, Rousseff acknowledged the “enormous benefits of the Interoceanic Highway, which has brought trade, tourism and development to the states of Acre, Rondonia and Mato Grosso in Brazil, and to Arequipa, Cuzco and Madre de Dios in Peru.”

Humala said Monday was a momentous day because the strategic relationship with Brazil has been consolidated and accords have been signed that constitute a road map to the future of this association.

Some of the pacts discussed Monday dealt with the production of medicines to fight malaria and tuberculosis, cooperation in the fields of science and technology, and the integration of the two countries’ shipbuilding industries, Rousseff said.

Peruvian exports to Brazil rose to $1.17 billion between January and August of this year, while Peru imported $1.49 billion worth of goods from Brazil, according to official figures from Peru.

Rousseff and Humala were scheduled to inaugurate a business forum attended by entrepreneurs from both countries.

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