Japan and Peru have agreed to start talks on a free trade agreement between Asia's biggest economy and the resource-rich South American nation, Tokyo said.
Japanese Prime Minister Taro Aso and Peruvian President Alan Garcia agreed in a telephone call to press ahead with the negotiations, Japan's foreign ministry said in a statement.
In November the two countries signed a bilateral accord on liberalisation and protection of investments, a core component of the potential trade deal.
Japan hopes that such a pact with Peru, which is rich with copper and zinc, will help it ensure stable procurements of mineral resources. Peru for its part wants to expand its access to Japan's farm and fishery markets.
It would be Tokyo's second such treaty with a South American country, following an earlier deal with Chile.
Japan has been seeking bilateral free trade agreements amid a breakdown in global trade liberalisation talks.
Source: AFP
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