Peru president sees ‘significant progress‘ over trainer jets
Peruvian President Ollanta Humala reported "significant progress" Friday in negotiations to buy Korean trainer jets, saying he expects the talks to "soon" produce a concrete result.
Korea has been in talks with Peru to sell 20 KT-1 single-engine, turboprop trainer jets, worth about US$200 million, since early last year.
"There has been significant progress in the talks on the Korean trainer jet," Humala said through a translator at a press conference in Seoul after summit talks with President Lee Myung-bak on Thursday.
Peru has a "keen interest" in boosting cooperation with South Korea in the field of defense and weapons development, the Peru president said, adding he expects the talks to "soon produce a tangible result."
Humala has made technology transfer the main priority in the negotiations, calling the issue a "keyword" that could allow South Korea and Peru to sign a deal. Humala arrived in Seoul on early Thursday for a three-day visit.
On Thursday, Lee and Humala upgraded relations of the two nations to a "comprehensive strategic partnership" in a move expected to bring the two far-off countries even closer after their economic ties got a boost from last year's free trade agreement.
Korea and Peru put a bilateral free trade agreement into effect in August last year. (Yonhap)