Japan agrees with Peru to ink investment treaty

TOKYO, Nov. 10 Kyodo - Japan and Peru agreed in principle on Monday to sign a bilateral treaty at an early date to increase protection for their investment in each other, Japanese officials said.

Japanese firms are showing interest in resource-rich Peru and the accord will
pave the way for them to receive fair treatment when investing in the South
American country.
The signing of the treaty between the two countries may take place as early as
next week in Lima on the sidelines of the Asia-Pacific Economic Cooperation
forum, the officials said.
If realized, it will be the third investment treaty with a Latin American
country for Japan, according to the Ministry of Economy, Trade and Industry.
Japan has economic partnership agreements, which include protection of
investment, with Mexico and Chile in the region.
The investment treaty with Peru may lead to negotiations on an economic
partnership agreement between the two countries in the near future, the
officials said.