BEIJING, March 19 -- Peru and Norway are China's next
target as trade partners even as the country is busy discussing free trade
agreements (FTAs) with two dozen economies.
China and Peru are expected to begin joint studies on
trade later this month or in early April, according to a source.
The working panels of the two countries will discuss
the main areas for and the methods to be applied to future negotiations, said
the source, who didn't want to be named.
The date for the talks is likely to be announced when
Li Changchun, a member of the Standing Committee of the Communist Party of
China's Politburo, visits Peru, the source said.
Li is scheduled to visit Mexico, Venezuela, Suriname,
Peru and Samoa from today until April 5.
China signed the FTA with Chile at the end of 2005,
and Peru is expected to follow because it has a similar trade structure with the
country, Foreign Affairs College professor Fan Ying said.
A Peruvian official has been quoted as having said
that the two countries could ink a deal next year.
According to the General Administration of Customs,
China's exports to Peru hit 1.01 billion U.S. dollars last year, up 65.6 percent
year on year, while the country's imports from the South American country
totaled 2.91 billion U.S. dollars, up 27.7 percent.
A Peruvian exporters' association has said the
country's exports of other products besides minerals have risen too. Last year,
non-traditional exports to China, such as fish products and timber, rose 79
percent year on year to 138 million U.S. dollars.
China is about to sign an FTA with Norway, too, the
source said.
After becoming a member of World Trade Organization
China is seeking trade relations across the world, Fan said.
That means it's eyeing not only the traditional
markets, but also those beyond.
"The proposed FTA talks with Norway reflects China's
move to strengthen its presence in North European markets," she said.
Sino-Norwegian trade reached 2.95 billion U.S.
dollars last year. Chinese consumer goods created a market in Norway, which
otherwise has strong metallurgy, petrochemical and oil exploiting sectors.
During a visit to Norway in September last year,
Commerce Minister Bo Xilai had said that there is a "potential in Sino-Norwegian
cooperation, thanks to the two countries' economies and trade volumes".
Bo hoped the two sides would strengthen their
cooperation in fields such as shipbuilding, tunnel engineering and
infrastructure construction.
(Source: China Daily)