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The Russian-Peruvian Commission discussed the prospects for increasing bilateral trade

Elena Danilova, Director of the Department of European and American Affairs of the Ministry of Economic Development of Russia, took part in the 4 meeting of the Intergovernmental mixed Russian-Peruvian Commission for Trade-Economic, Scientific-Technical Cooperation and Fisheries (IPC).

According to the press service of the Ministry of Economic Development, the work of the commission was held within the framework of three working groups: on cooperation in the field of trade, investment and industry, on cooperation in the field of high technologies, on cooperation in the field of agriculture and fisheries.

The meeting participants discussed the issues of building up bilateral trade, diversifying mutual supplies, and stepping up work on agreeing and signing a "road map" of Russian-Peruvian trade and economic cooperation, including specific projects and promising areas of interaction. The Peruvian side supported the initiative of the Russian side to resume the activities of the Trade Representation of the Russian Federation in the Republic of Peru, which will coordinate projects of Russian companies in the market of this country and promote joint projects.

In January-July, 2014, the volume of Russian-Peruvian trade compared to the same period of 2013 decreased by 18,1% and amounted to 237,9 million dollars. At the same time, the volume of Russian exports decreased by 24,3% and amounted to 176 million dollars, while Russian imports increased by 6,8% (to the level of 61,9 million dollars). The positive balance of Russia in trade with Peru in January-July of 2014 amounted to 114 million dollars.

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