08:44 | Lima, Jul. 31 (ANDINA).
Peru is hoping to draw more Australian investment into its booming mining sector, a top Peruvian diplomat has said.
Peruvian Ambassador in Canberra, Luis Quesada, said that his country's mining industry continues to grow despite the plunge in commodity prices.
According to an article on abc.net.au, Ambassador Quesada said he would like more Australian miners to join the estimated 200 that are already operating in Peru.
"We have a very stable legal framework for foreign investment which means foreign investors are treated the same way as domestic investors," he stated. "And also we have a very open trade policy."
After widespread economic reforms, the Peruvian economy has grown on average of 6.5 percent a year for the last decade.
Peru's major industry is mining and it exports copper, gold, lead and zinc, mainly to China and the USA.
Peru is a member country of the Trans-Pacific Partnership Agreement, or TPP, which includes Australia, New Zealand, Brazil, Chile, Vietnam, Malaysia, Mexico, Brunei, USA, Canada and Japan.
(END) INT/EEP
Published: 7/31/2013