May 12 (WTN)- Peru has acknowledged that their country has a lot to learn and benefit from the success story of India and resolved with India to significantly enhance trade relations as the two countries celebrated 55 years of diplomatic ties in Lima on May 11, 2018.
Vice President M.Venkaiah Naidu today held extensive talks with President, Prime Minister and senior Ministers of Peru in Lima today on a range of issues indicating specific areas for enhanced engagement. He spoke at length about India’s strength in supply of quality and cost effective generic medicines, Information Technology, defence equipment, Science & Technology, Space applications etc.

During the delegation level talks, the Peruvian Prime Minister Cesar Villanueva Bardales, leading a delegation of four ministers and senior official noted that India is acknowledged as a leader in pharma sector and Peru could take benefit of the same. Health Minister of Peru suggested that Indian Government may do needful to enable Indian Pharma companies set up generic medicines production facilities in Peru. Peruvian side agreed to consider suggestion of Naidu for hassle free registration of Indian pharma companies for supply of medicines.

Minister of Foreign Trade and Tourism of Peru, while speaking of the potential of bilateral trade between the two countries said Peru was keen about concluding a Comprehensive Free Trade Agreement with India. He mentioned that two rounds of discussions were already in this regard and the third round is to be held in Delhi in August this year. He stressed on the need to conclude this agreement at the earliest for mutual benefit.

Peru’s Minister of Foreign Affairs stressed that India deserved to be a Permanent member of the United Nation’s Security Council in line with its size, role and responsibilities in the global scheme of things. He reiterated Peru’s support to India in this regard.
Peruvian President said his country is closely watching India’s progress in different sectors including its transition from an agrarian economy to being an IT leader with strong capacities in Science & Technology, space sector etc.

-Window To News
(Inputs from PIB)