The UAE and the Republic of Peru signed an air services agreement, with Mohammed Abdullah Al Shamsi, UAE Ambassador to the Republic of Peru, signing on behalf of the UAE and Gervasi Díaz, Minister of Foreign Affairs, representing Peru.
This agreement will open new horizons for cooperation between the two countries and promote intra-trade.
Al Shamsi pointed out that non-oil bilateral trade with Peru for 2022 amounted to US$800 million, and UAE investments in Peru over the last five years exceeded US$700 million, while intra-trade reached US$4.4 billion in the same period.
"The signed air services agreement complements previous agreements such as political consultations in 2009 and the visa waiver agreement in 2019. We aim to further enhance our bilateral relations through agreements on investment protection, avoidance of double taxation, and other beneficial agreements for our countries' development and prosperity."
Al Shamsi emphasized that this agreement will boost trade exchange, support economic development, and strengthen aviation ties between the two countries. He further stated,
"This agreement signifies our commitment to strengthening relations with Peru and will benefit our national airlines and various sectors in the country. It will directly contribute to increased air traffic between the UAE and Peru, fostering trade, economic growth, and tourism between our nations."
For her part, Díaz said that the UAE is an important partner, as it is the largest Arab country investing in Peru, stressing that the UAE is the first nation in the Middle East to sign an agreement on air services with the South American country.
She stressed that the signing of the air services agreement with the UAE will enable Peru to act as a communication center for the networks of airlines in Latin America, highlighting that the signing of the agreement is a significant achievement and a milestone in the strong relations between Peru and the UAE.
Díaz stated that the signing of the agreement will allow the establishment of new air routes that will promote travel for tourism and business purposes between Peru and Arab countries, as well as Asian and Pacific countries.
News Source: Dubai Media Office