Peru commemorates the anniversary of its strategic partnership with Korea | News | ANDEAN

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The Peruvian government commemorated on Tuesday the 10th anniversary of the establishment of the comprehensive strategic partnership with the Republic of Korea.

In a Twitter post, the Foreign Office highlighted achievements in five areas.

Political cooperation

Likewise, Korea is an observer state and a candidate to become an associated state of the Pacific Alliance.

Economic cooperation

By 2021, bilateral trade had increased by 19%, reaching US$3.8 billion.

Korea is Peru’s fourth largest trading partner in the world, as well as the third largest export destination and 12th largest import origin to the South American country.

Science and technology

Defense cooperation

Korea offers extensive cooperation in this area, with particular emphasis on training and education of personnel, as well as technology transfer.

This positive dynamic has enabled the co-production of training aircraft and warships, as well as the donation of two corvettes.

Official development assistance and other areas

Within the framework of the “Country Alliance Strategy” for 2021-2025, 21 projects are being implemented during the current year in areas such as public administration, transport, health and the environment. , among others, for a total amount of $53.42 million.

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