Algeria: Peru can become an important trading partner of the Arab world


Peru can become an important trading partner in the Arab world from the 3rd Leaders Summit of South America – Arab Countries (ASPA), to be held next week in Lima, Argelia’s Ambassador Mohammed Bensabri said Tuesday.
ArgeliaArgelia’s Ambassador to Peru Mohammed Bensabri. Photo: ANDINA/Héctor Vinces.
He considered this summit will be an important opportunity for Peru to show its potential in order to attract more investment and, in turn, strengthen trade relations with Arab countries.
According to Bensabri, Algeria noted that Peru provides an adequate legal framework for investment and estimated that the Algerian capital inflows will experience a significant increase.
“Algeria has investments in Peru and, with the ASPA event, Peru can multiply this kind of relationship with other Arab countries, making it a major trading partner in the Arab world,” he told Andina news agency.
He also reported that Algeria currently imports Peruvian food for US$ 47 million annually, accounting for 47.3 percent of the Arab world’s total imports from Peru, amounting to US$ 104.4 million.
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