K. Shanmugam discusses bilateral trade, investment and tourism on 3-day Peru visit

SINGAPORE and Peru are looking to explore new ways to boost bilateral trade, investment and tourism, a joint statement from the two countries’ foreign affairs ministries said.

The two countries also expressed their commitment towards an early signing of an air services agreement, and to restart negotiations on an agreement to avoid double taxation. The statement, which was issued on Thursday, gave no further details.

The agreements were discussed when Singapore's Foreign Minister K. Shanmugam was hosted to lunch by his Peruvian counterpart Eda Rivas on Thursday.

Peru’s Minister of Economy and Finance, Mr Miguel Castilla, and Ms Magali Silva, the Minister of Foreign Trade and Tourism, also attended the discussions.

Mr Shanmugam arrived in the South American country on Wednesday for a three-day visit.