Beverly Hills 12/11/2009 3:33:48 AM
News / Business

Peru Purchasing Military Hardware from China and Brazil

Finance World News Update by EQUITIES Magazine

Weeks after Peruvian President Alan Garcia accused Chile of starting an arms race, Peru Defense Minister Rafael Rey made an announcement that the country was in talks to buy tanks from China and fighter plans from Brazil.

 

"It's about equipment replacement -- not about entering an incessant arms race," said Prime Minister Javier Velasquez in a radio announcement.

 

The country said it was planning on buying Super Tucano planes from Brazil’s Embraer, to be employed to combat cocaine trafficking in remote parts of the Andes and Amazon jungle. I did not say how much it would spend on the new equipment, but added that any U.S> equipment that Chile buys would cost much less than a recent $650 million estimate provided by the Pentagon.

 

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