UAE & Peru strike air services agreement to promote intra-trade relations

By Arya M Nair, Official Reporter
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UAE-Peru air services agreement
Officials at agreement signing

The UAE and the Republic of Peru have signed an air services agreement, to open new horizons for cooperation between the two countries and promote intra-trade.

The agreement was signed by Mr. Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Peru, and Ms. Gervasi Díaz, Minister of Foreign Affairs.

Mr. Al Shamsi pointed out that non-oil bilateral trade with Peru for 2022 amounted to $800 million, and UAE investments in Peru over the last five years exceeded $700 million, while intra-trade reached $4.4 billion in the same period.

Mohammed Abdullah Al Shamsi_UAE-Peru air services agreement
Mohammed Abdullah Al Shamsi
UAE Ambassador to the Republic of Peru

“The MoU for political consultations in 2009 and the visa waiver agreement between the two countries in 2019 have already been signed, and we are signing the air services agreement. In the near future, we hope to sign an agreement to protect and promote investment and avoid double taxation, in addition to other agreements that are expected to be in the interest of our two peoples and line with our common aspirations for further development and prosperity.”

Mr. Al Shamsi stressed that this agreement will contribute to the growth of trade exchange in a manner that supports the development agenda of the two countries, promotes the sustainability of their economies, and bolsters bilateral aviation ties.

Ms. Díaz said that the UAE is an important partner, as it is the largest Arab country investing in Peru, stressing that the UAE is the first nation in the Middle East to sign an agreement on air services with the South American country.

The signing of the air services agreement with the UAE will enable Peru to act as a communication center for the networks of airlines in Latin America, highlighting that the signing of the agreement is a significant achievement and a milestone in the strong relations between Peru and the UAE, added Ms. Diaz.

Ms. Díaz stated that the signing of the agreement will allow the establishment of new air routes that will promote travel for tourism and business purposes between Peru and Arab countries, as well as Asian and Pacific countries.

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