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Peruvian official urges Latam businessmen to learn more about Chinese market

(Xinhua)

13:08, November 23, 2011

LIMA, Nov. 22 (Xinhua) -- Latin American businessmen must improve their knowledge of the Chinese market and its supply and demand to promote trade with the Asian country, director of the Peru-China Chamber of Commerce (Capachi) William Lao said.

Lao made this statement during the second day of the 5th China-Latin America Business Summit in the Peruvian capital, which drew together some 1,000 businessmen from both China and the Latin American region.

"We are entering into the first phase of merchandising, not only of raw materials, but of other products as well. By understanding the Chinese market, we are adjusting the raw material processing to its (China's) market and its preferences," Lao said.

Lao said the productive sectors of Peru and Latin America must seek common interests and share similar experiences with China to promote the mutually beneficial exchange of goods and services.

He said the summit offered a chance for Latin American businessmen to learn more about the Chinese market and also for Chinese businessmen to better understand the Latin American market.

"We expect in the future we will be strategic partners ... Trade with China is a priority. Peru is already the largest partner ( of China in Latin America)," he said.

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