The Minister of External Relations of Peru, Rafael Roncagliolo, will visit Brazil on October 31, when he will be received by the Minister of External Relations, Antonio de Aguiar Patriota. It will be the first official visit of the Peruvian Foreign Minister to Brazil.
The Foreign Ministers will address the main issues in the bilateral agenda, with special attention to the definition of guidelines for cooperation on social programs and the combat to drugs and transboundary crimes. They will also discuss regional affairs, especially those related to strengthening UNASUR.
Bilateral technical cooperation agreements will be signed on digital television, jobs promotion, combat to organized crime, social development and health.
From 2009 to 2010, Brazil went from 8th to 5th largest direct investor in Peru, with an investment stock of US$ 1.2 billion. The noteworthy sectors are mining, infrastructure and oil and gas production and distribution. For the next five years, in the mining sector alone, there are US$ 3.5 billion in expected investments.
Trade exchange between Brazil and Peru went from a little over US$ 700 million, in 2003, to nearly US$ 3 billion last year, making Brazil Peru’s 3rd biggest partner.