In his first week in office, Peru’s new left-wing administration under President Pedro Castillo has been quick to extend a friendly hand to China, the Andean nation’s most important commercial partner and the main buyer of its copper, a crucial source of tax revenue.
Since Castillo was inaugurated on July 28, administration officials have met with the Chinese ambassador and Chinese mining executives to discuss not just policies for their industry but also to strengthen a previous free trade agreement first signed in 2009, government sources told Reuters.
Castillo is poised to tilt Peru to the left after successive centre and right-wing administrations, although preserving a good relation with China has been a priority of all recent Peruvian leaders, analysts said.
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Image from Reuters.