The Peru-China Entrepreneurs Committee was established on Friday to boost bilateral business, trade and investment ties.

The founding of the committee "will mark a new milestone in our history of economic and trade exchanges," said Chinese ambassador to Peru Ying Hengmin, noting that Peru is one of China's major trading partners and investment targets.

China is making concerted efforts to create favorable conditions for trade and commerce, especially in fields such as service, agriculture and technology, said Zhang Wei, vice president of the China Council for the Promotion of International Trade, while attending the inauguration ceremony of the committee.

Rene Cornejo, executive director of Peru's Private Investment Promotion Agency, expressed his confidence that the trade between the two countries would be boosted.

Peru will offer important opportunities for Chinese investment in fields such as mining, hydrocarbons, textiles, fishing, transportation infrastructure, water culture, logging, tourism and agriculture, he said.

The bilateral trade reached 2 billion U.S. dollars in 2005, and recorded 1.2 billion dollars in the period between January and June this year.

Source: Xinhua