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  HOME | Peru

Spainís King Juan Carlos Meets with Peruís President

MADRID Ė Spainís King Juan Carlos and Peruvian President Ollanta Humala on Wednesday met to analyze the prospects for Spanish investment in Peru given the new opportunities the South American country is offering to attract foreign capital.

The Spanish monarch welcomed Humala to Zarzuela Palace and, after posing for photographs along with him and his wife Nadine Heredia, he invited the Peruvian leader into his office for a private meeting.

Also attending that meeting were Spanish Foreign Minister Jose Manuel Garcia-Margallo and his Peruvian counterpart, Rafael Roncagliolo, as well as Spainís ambassador to Lima, Juan Carlos Sanchez.

The Peruvian president arrived in Madrid on Wednesday on his first official visit to Spain, during which he will acquaint Spanish authorities with his political program of Latin American nationalism and encourage businessmen to invest in his country, emphasizing the legal security there, its relatively low debt level and its annual economic growth of greater than 5 percent.

During a press conference later in the day with Spanish Prime Minister Mariano Rajoy, Humala sought to decouple the renewal of licenses for Spainís Telefonica in Peru from the controversy over the multinationalís tax bill.

ďThe legal tax matter is one issue and the renewal of licenses or contracts is something else,Ē Humala said. EFE
 

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