With bilateral trade between India and Peru touching an all-time high of $1.57 billion, the second round of talks for the trade agreement between the two countries is scheduled to take place in March. The FTA between the two countries aims at liberalising norms for trade in goods and services with a view to further boost bilateral economic ties and to expand India\u2019s trade and investment, especially in agri-business and commodities. Talking to FE, Arup Kumar Saha, head of Chancery, Embassy of India, Peru, said, \u201cPeru could be used by Indian investors as a gateway to the region. With the government of Peru planning to rebuild after last year\u2019s devastating floods, there is a huge opportunity for Indian companies to invest in various sectors, including construction of roads, highways, ports and airports.\u201d The sudden spurt in the trade figures is a result of Peru\u2019s increase in export of commodities including gold, silver and copper, officials told FE. The LatAm nation is the world\u2019s sixth largest producer of gold, second largest of sliver, and third largest of copper, tin, zinc and lead. Peru started exporting gold to India only in 2012, but imports from Lima seem to have increased within short span of time. In fact, to meet the rising demand of gold in India, three Indian investors have decided to invest in gold mines in Peru. As reported earlier by FE, while India is working on a different model for pepping up economic relations with Peru, \u201cThe first round of discussions between the two sides had taken place in Lima last year. An FTA between the two countries is not going to happen soon, so the government has decided to work on a new, unique model, wherein the government has agreed to do single undertaking discussions on services investment and goods.\u201d In 2015, Peru became the second largest exporter of table grapes \u2014 Red Globe variety \u2014 to India, a position it holds even today. These grapes are typically available in Indian supermarkets between December and April every year. Also, Indian importers have shown a growing interest in Peruvian avocados, leading to a steady increase in its consumption since 2016. \u201cOpen trade barriers between the two countries provide Peru with a new and significant trade partner, because of which the economy is enjoying a surge,\u201d said a statement issued by the Commercial Office of the Embassy of Peru.