Peru President visits Japan and South Korea
Visiting South Korea this week, President Ollanta Humala held a series of meetings with his counterpart President Lee Myung-bak. This has led to the upgrading of relations between the two countries to a ‘comprehensive strategic partnership’.
Last August the two countries signed a free trade agreement (FTA) and President Humala has indicated that Peru may be close to signing a deal for 20 KT-1 single-engine, turboprop trainer aircraft.
The two presidents signed agreements to explore bilateral cooperation in bioengineering, maritime sciences, energy and petro-chemistry. They also agreed to work together on environmental issues including management of water resources and green technology.
President Humala had previously visited Japan where he secured loans worth $250 million for infrastructure projects including upgraded water and sewage systems in Lima and energy saving measures on public transportation.
Meeting with Prime Minister Yoshihiko Noda, President Humala also expressed hope that both countries could work together on renewable energy, eco-efficiency and clean technologies.
Peru and Japan concluded a free trade agreement in March.