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Peruvian Ambassador to Japan Juan Carlos Capunay expressed hope Tuesday that Japan and Peru will conclude their bilateral economic partnership agreement, an expanded version of a free-trade agreement, by yearend or early next year.

“The proposed EPA will help boost bilateral trade links further and encourage Japanese investment in Peru,” Capunay said during a visit to The Japan Times.

Despite the global economic recession, bilateral trade has not decreased much, seeing only a 5 percent contraction in the January-March quarter this year, Capunay said.

Capunay arrived in Tokyo last January for his third assignment in Japan and first as ambassador here.

Trade with Japan has generally been expanding in recent years, reaching the $3 billion mark last year.

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