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German Chancellor Praises Peru's Economic, Political Reforms - 2003-10-16

German Chancellor Gerhard Schroeder has promised to support Peru's efforts to reach a bilateral free trade agreement with the European Union.

Mr. Schroeder made the comments Wednesday after meeting in Berlin with Peruvian President Alejandro Toledo.

The German leader praised recent economic and political reforms in Peru, saying a trade agreement with the South American nation is sensible.

Also Wednesday, the two leaders signed a cooperation deal worth $38 million for rural development and water supply projects in Peru.