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Peru becomes ASEAN’s development partner

The Association of Southeast Asian Nations (ASEAN) granted Peru the Development Partner status at the meeting of foreign ministers held in Luang Prabang, Laos, the Peruvian Ministry of Foreign Affairs reported on January 29.
Peru becomes ASEAN’s development partner ảnh 1The ASEAN flag (Photo: Internet)
Buenos Aires (VNA) - The Association of Southeast Asian Nations(ASEAN) granted Peru the Development Partner status at the meeting of foreignministers held in Luang Prabang, Laos, the Peruvian Ministry of Foreign Affairsreported on January 29.

With this status, Peru strengthens itspresence in the Southeast Asian region and opens a new stage of ties with thebloc, which constitutes an opportunity to increase trade and cooperation flows,as well as to project the country's interests among ASEAN member states, theministry said.

Peru is the sixth country in the world,after Germany, France, Italy, the Netherlands, and Chile, to obtain this typeof relationship with the bloc.

Peru and ASEAN are united by commoninterests in regional agreements, such as the Comprehensive and ProgressiveAgreement for Trans-Pacific Partnership (CPTPP), the Asia-Pacific EconomicCooperation (APEC), and the Pacific Alliance-ASEAN.

Two-way trade between ASEAN membercountries and Peru accounts for about 2.5%-3% of the total import-exportturnover of this South American country.

Peru signed a free trade agreement (FTA)with Singapore in 2009 and with Thailand in 2011. It is also negotiatinganother with Indonesia.

Peru is currently Vietnam’s sixth largest trade partner in the Latin Americanregion. Two-way trade increased from 300 million USD in 2014 to 600 million USDin 2022.

ASEAN was established in 1967. Its currentmembers are Brunei, Cambodia, the Philippines, Indonesia, Laos, Malaysia,Myanmar, Singapore, Thailand, and Vietnam./.
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#ASEAN #Peru #Development Partner status #Peruvian Ministry of Foreign Affairs #Vietnam #Vietnamplus #Vietnam News Agency Peru ASEAN
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