IAS Current Affairs

India Peru Relation

IAS Current Affairs

India Peru Relation

Source: Financial Express
GS II: International Relation

Overview

  1. News in Brief
  2. India Peru Relation
  3. About Peru
  4. Peru Map with bordering areas

Why in the News?

The commerce ministry on Monday said that a special round of negotiations for the India-Peru trade agreement is set to take place from 10-11 October and will include an investment chapter.

News in Brief
  • Talks for the India-Peru trade agreement commenced in 2017, with the fifth round concluding in August 2019.
  • The sixth round is slated to be held in December 2023 in Lima, Peru.
  • The negotiations had come to a pause due to the coronavirus pandemic.
  • India and Peru have been experiencing steady growth in bilateral trade.
  • Discussions on various chapters including Initial Provisions and General Definitions, Rules of Origin, Trade in Goods, Customs Procedures and Trade Facilitation, Technical Barriers to Trade, and Sanitary and Phytosanitary measures among others.
India Peru Relation
  • Trade
    • During FY23, bilateral trade volume had hit $3.12 billion.
    • India exported goods worth $865.91 million to Peru, and imported goods valued at $ 2.25 billion from the country.
    • Key Indian exports to Peru include motor vehicles or cars, cotton yarn and pharmaceuticals.
    • Peru primarily exports gold, copper ores and concentrates.
  • Agreements
    • Many bilateral agreements have been signed by the two sides over the years, covering a wide range of areas.
    • Some of the more recent ones include the Customs Cooperation Agreement, Cooperation in New and Renewable Energy, Defence Cooperation Agreement, Establishment of a Joint Commission, Educational Exchange Programme, and MoU on Cooperation in Geology and Mineral Resources.
    • Both countries are currently negotiating a Trade Agreement. 
  • Assistance
    • India gifted medical aid of over 9 tonnes of essential medicines, including 900,000 Hydroxychloroquine tablets and protective gear on 14 August 2020.
    • India-Peru Centre for Excellence in Information Technology (IPCEIT) was set up in Lima for academic courses.
  • Indian Diaspora
    • The size of the Indian community in Peru is small, numbering around 450, including PIOs.
    • They mainly engaged in business and trade.
    • Indian professionals are providing technical services to companies.
    • There are some Indian nationals with the Missionaries of Charity and other Christian organizations in Lima, Chimbote and Puno.
  • Defence relations
    • In October 2013, an agreement was signed on defence cooperation and prevention of proliferation of weapons of mass destruction, emphasizing a firm stance on these critical issues.
  • Cultural relations
    • In 1987, India and Peru signed an agreement to promote cultural cooperation between the two nations.
      • The agreement aimed to strengthen the cultural ties and encourage the exchange of knowledge and ideas between the people of India and Peru.
      • As a result of this agreement, various cultural programs, events, and exhibitions were organized to showcase the rich cultural heritage of both countries.
    • Fast forward to June 2007, the Indo-Peruvian Friendship Association (Bharat-Maitreyi Samiti) was established in India.
      • This association was formed with the objective of strengthening the friendship between India and Peru and promoting cultural exchanges between the two nations.
      • The association has been actively involved in organizing cultural events, seminars, and exhibitions to showcase the diverse cultural traditions of both India and Peru.
      • Additionally, the association has contributed towards promoting trade and tourism between the two countries.
About Peru
  • Geography
    • Peru is known for its stunning geographical diversity.
    • It spans from the arid plains of the Pacific coast to the soaring peaks of the Andes Mountains and the lush Amazon rainforest in the east.
    • It shares borders with Ecuador, Colombia, Brazil, Bolivia, and Chile.
  • Capital
    • The capital city of Peru is Lima, which is also the largest city in the country.
    • Lima is located on the central western coast of Peru and is known for its colonial architecture and vibrant culture.
  • Languages
    • The official languages of Peru are Spanish, Quechua, and Aymara.
    • Spanish is the most widely spoken language.
  • History
    • Peru has a rich history dating back thousands of years.
    • It was home to several ancient civilizations, including the Inca Empire, which was one of the most powerful empires in pre-Columbian America.
    • The Inca city of Machu Picchu is a famous archaeological site and a UNESCO World Heritage Site.
  • Independence
    • Peru gained its independence from Spanish colonial rule on July 28, 1821, under the leadership of General José de San Martín.
  • Government
    • Peru is a presidential republic with a multi-party system.
    • It has a democratic government where the President is both the head of state and government.
  • Economy
    • Peru has a growing economy that is highly diverse.
    • It is known for its mining and mineral resources, including copper, gold, and silver.
    • Agriculture, manufacturing, and tourism are also significant contributors to the economy.
  • Culture
    • Peruvian culture is a blend of indigenous traditions and Spanish colonial influences.
    • It is famous for its vibrant music, dance, and festivals.
    • Traditional Peruvian cuisine, including dishes like ceviche and lomo saltado, is celebrated worldwide.
  • Tourism
    • Peru is a popular tourist destination, primarily because of its rich history and stunning natural landscapes.
    • Tourists flock to see Machu Picchu, explore the Amazon rainforest, visit ancient ruins, and enjoy the beautiful beaches along the Pacific coast.
  • Biodiversity
    • Peru is one of the world’s most biodiverse countries, with a wide range of ecosystems, including the Amazon rainforest, the Andes Mountains, and the desert coast.
    • It is home to many unique species of flora and fauna.
  • Flag
    • The flag of Peru consists of three vertical stripes: red on the left, white in the middle, and red on the right.
    • In the centre of the white stripe, there is Peru’s national coat of arms.
  • Cuisine
    • Peruvian cuisine is renowned for its diverse flavours and ingredients.
    • It incorporates influences from various cultures, including Spanish, Inca, African, and Asian.
    • Some popular dishes include ceviche (raw fish marinated in citrus juice), causa (potato casserole), and anticuchos (grilled skewers).
  • Festivals
    • Peru hosts numerous festivals throughout the year.
    • One of the most famous is Inti Raymi, the Festival of the Sun, which celebrates the Inca sun god and takes place in Cusco every June.

India Peru Relation

 

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