AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.00 Decreased By ▼ -0.99 (-0.77%)
BOP 6.68 Increased By ▲ 0.08 (1.21%)
CNERGY 4.49 Decreased By ▼ -0.11 (-2.39%)
DCL 8.60 Increased By ▲ 0.12 (1.42%)
DFML 41.30 Decreased By ▼ -0.18 (-0.43%)
DGKC 86.71 Increased By ▲ 0.13 (0.15%)
FCCL 32.16 Increased By ▲ 0.02 (0.06%)
FFBL 64.70 Decreased By ▼ -0.72 (-1.1%)
FFL 10.29 Increased By ▲ 0.04 (0.39%)
HUBC 109.51 Decreased By ▼ -0.98 (-0.89%)
HUMNL 14.90 Increased By ▲ 0.15 (1.02%)
KEL 5.05 Decreased By ▼ -0.08 (-1.56%)
KOSM 7.40 Increased By ▲ 0.28 (3.93%)
MLCF 41.39 Decreased By ▼ -0.26 (-0.62%)
NBP 60.60 Increased By ▲ 0.51 (0.85%)
OGDC 190.00 Decreased By ▼ -4.69 (-2.41%)
PAEL 27.81 Decreased By ▼ -0.14 (-0.5%)
PIBTL 7.75 Decreased By ▼ -0.25 (-3.13%)
PPL 149.75 Decreased By ▼ -1.42 (-0.94%)
PRL 26.73 Decreased By ▼ -0.15 (-0.56%)
PTC 16.18 Increased By ▲ 0.18 (1.13%)
SEARL 86.02 Increased By ▲ 7.82 (10%)
TELE 7.72 Increased By ▲ 0.33 (4.47%)
TOMCL 35.58 Decreased By ▼ -0.09 (-0.25%)
TPLP 8.14 Increased By ▲ 0.23 (2.91%)
TREET 16.51 Increased By ▲ 0.62 (3.9%)
TRG 53.35 Increased By ▲ 0.59 (1.12%)
UNITY 26.28 Decreased By ▼ -0.27 (-1.02%)
WTL 1.26 Decreased By ▼ -0.01 (-0.79%)
BR100 9,889 Decreased By -31.1 (-0.31%)
BR30 30,611 Decreased By -140.9 (-0.46%)
KSE100 93,355 Increased By 130.9 (0.14%)
KSE30 28,931 Increased By 46 (0.16%)

LIMA: Peru aims to finalize negotiations for a free trade agreement with India in 2025 and is advancing talks to have a similar trade pact with Indonesia in the future, said Peruvian Minister of Foreign Trade and Tourism Ursula Leon.

A new pact with India would enable the South American country to have free trade with the world’s top two most populous nations, as Peru has had free trade with China since 2009.

Leon said negotiations with India had stretched to eight rounds and had to be paused previously during the country’s elections earlier in 2024.

“We hope to advance the negotiations now that we have resumed and that next year in 2025, we can have a free trade agreement with India,” Leon said at an interview at her office on Friday.

Trade between Peru and India has increased in recent years on gold sales from the Andean country. Peruvian exports to India were worth about $3.5 billion between January and September of this year, an increase of 77% from the same period a year earlier, according to Peruvian government data.

Peru, the world’s third largest copper producer, is also negotiating a free trade agreement with Indonesia, the fourth most populous country in the world with a population of more than 280 million people.

Leon said Peru hopes to push forward negotiations with Indonesia during next week’s Asia-Pacific Economic Cooperation forum (APEC) to be held in Lima.

“I think we can show, facing APEC, a substantial advance in this free trade agreement with Indonesia,” Leon said. Peru will also sign an updated free trade agreement with China, Peru’s foreign minister said on Friday.

Peru wants to forge with Brazil an agreement to strengthen economic ties, which has been pending anti-corruption protocol since 2016, and eventually have a free trade pact, Leon said.

Comments

200 characters