Peruvian President Alan Garcia is proposing to Chilean President Sebastian Piñera a zone for free movement of goods, people and capital, a zone that would include Colombia, Panama, Ecuador, Peru and Chile.
Bolivian president Evo Morales is considering the purchase of naval vessels to operate from the port of Ilo on the South Pacific coast helping the country to develop for the first time in 130 years its maritime resources.
A moderate leftist who gained renown as a human rights advocate consolidated what remained a narrow lead (0.81%) Tuesday over her pro-business rival. Whoever wins, Lima will have its first elected female mayor ever.
Following closely on the steps of China but with lesser exposure India is increasing trade, investment and business links with Latin America, the latest of which a Bussiness seminar in Lima, Peru.
Peru’s central bank will raise the reserve requirement for foreign banks depositing local currency in the domestic banking system after the Sol rose to a two- year high.
A court in Peru has revoked parole for a US woman who was imprisoned for aiding a left-wing terrorist group. Lori Berenson turned herself into police after judges ordered that she be sent back to prison to finish the last five years of her 20-year sentence
United States citizen Lori Berenson apologized to the Peruvian people for collaborating with a terrorist group and asked an appeals court to let her remain free on parole. She was sentenced to 20 year in prison and was released last May after serving 15 years, three fourths of the sentence.
Peruvian Defence Minister Rafael Rey said this week that representatives from Chile and Peru would meet next Monday for the first time in an effort to establish common criteria for approving military expenditures. Rey also said he would meet with his Chilean counterpart, Jaime Ravinet, in Lima in August.
United States President Barack Obama held talks with his Peruvian counterpart Alan Garcia in the White House and praised the South American country’s economic performance and consolidated democracy.
Peru’s Ministry of Energy and Mines (MEM) said this week that the country would rank among the world’s top 5 gold producers before 2015 thanks to the production potential and increased investment in the sector.