Yes Lock, agreed, always sovereign risk.
However, with trump's nationalism agenda and squeezing neighbour trade, Peru has been keen to develop pacific alliances as a substitute.
Peru seems to be a stable latin-American leader hosting world trade talks and brokering deals with western countries like Australia... see dfat info:
https://dfat.gov.au/geo/peru/pages/peru-country-brief.aspx
Enjoy weekend. Not long now (how many times have I said that). Poet
Ann: Update on Riqueza Earn-in Agreement, page-50
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