The Foreign Trade Association of Peru (ComexPeru) affirmed that Vietnam is considered a potential partner for Peru to boost its foreign investment.
ComexPeru also said that a trade agreement with Vietnam will foster multifaceted bilateral cooperation, and especially attract investment from the Southeast Asian nation.
In a press release published by the national press agency Andinas, ComexPeru said that Peru needs to grasp all opportunities to improve ties with Vietnam, which is a member of the Asia-Pacific Economic Cooperation (Apec) forum and the Trans-Pacific Partnership Agreement (TPP).
Two-way trade between Vietnam and Peru has trebled from $55.3 million in 2006 to $165 million in 2011.
In the first half of this year, Vietnam has imported $50 million worth of commodities from Peru, mainly flour and fish oil, an increase of 79 percent against the same period last year. It has mainly exported footwear to the South American nation.