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NOVEMBER 20, 2008, 4:21 P.M. ET

China Exporters May Gain From Trade Deal With Peru

Move to Help Offset Impact of Slowdown in the Months Ahead

Article
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more in Economy »

BEIJING -- China and Peru reached a trade deal that could help Chinese exporters by removing tariffs on more than 90% of goods.

China's Ministry of Commerce said the agreement, which requires final approval from both sides, could take effect in the second half of next year. Chinese President Hu Jintao was in Peru, where he met with ...