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Peru to start free trade negotiations with Australia

Published 25/05/2017, 05:32 am
Updated 25/05/2017, 05:40 am
© Reuters.  Peru to start free trade negotiations with Australia

LIMA, May 24 (Reuters) - Peru said on Wednesday it would start negotiations for a free trade agreement with Australia in July as it seeks new Asia-Pacific markets following rejection from the United States of a broad regional deal.

The Trans-Pacific Partnership of 12 nations has been in limbo since Donald Trump became president of the United States, and China has attempted to lead negotiations over a new regional trade deal.

Peruvian Trade Minister Eduardo Ferreyros said in a statement the country sought "ambitious results" related to mining, manufacturing and professional services.

Peru, long one of South America's most open economies, is the world's No. 2 producer of copper, zinc and silver and top producer of fishmeal.

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