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Peru exploring FTA negotiations with India amid foreign trade push

Xinhua, August 20, 2015 Adjust font size:

Peru will send an official delegation to India to explore the potential of signing a free trade agreement (FTA) with the Asian giant, the country's Minister of Foreign Trade and Tourism, Magali Silva, announced on Wednesday.

Silva specified that this delegation will meet with relevant Indian groups next month to launch a feasibility study, which will assess how best to boost bilateral trade.

The minister also said that the feasibility study comes as the step before the start of formal FTA negotiations with India.

This process comes amid a Peruvian charm offensive around the world as it seeks to establish a new policy of commercial openness. Being a member of the prospective Trans-Pacific Partnership (TPP) led by Washington, Peru is also planning to boost commercial links with Turkey, Russia, Belarus, Kazakhstan, Armenia and Brazil, among others.

After three successful rounds of talks, the fourth which aims at a Turkey-Peru FTA, will take place in Lima in the coming days, said Silva. Endi