Police in Peru have seized more than 16,000 dried seahorses, destined to be exported illegally to Asian countries where they are in demand for Chinese medicines and as an alleged aphrodisiac. Peruvian authorities say the illicit cargo was worth a quarter of a million dollars. Sea horses are recognised internationally as an endangered species and catching them is illegal in Peru

if the time is ripe for something, it is a good time to do it or for it to happen (often + for ) British socialists were convinced that the time was ripe for fundamental social change. (often + to do sth) Many employers feel the time is ripe to give workforces a bigger share of the profits they have helped to create.
Seahorse is the title given to forty-seven species of marine fish in the genus Hippocampus. "Hippocampus" comes from the Ancient Greek hippos meaning "horse" and kampos meaning "sea monster

Peru has urged the Indian businessmen to invest in that country. Addressing a business meeting in New Delhi today, the visiting Vice Foreign Minister of Peru Jose Beraun Aranibar said that the country offers excellent opportunities for investment in energy, agriculture, mining, petrochemicals and refining sectors. Mr Aranibar is on a two-day official visit to India . Secretary (West) in the ministry of External Affairs M Ganapathi will hold the 4th round of Foreign Office Consultations with the visiting dignitary tomorrow. Both the sides will be signing two MOUs on Cooperation in geology and mineral resources and for setting up of a Centre of Excellence of Information Technology.

AIR correspondent reports, bilateral trade between India and Peru has touched a record of 835 million US Dollars last year and is likely to cross one billion US Dollars this year. There are also significant Indian investments in Peru particularly in Mining, Hydrocarbons, Pharma and IT.

Both the sides have always maintained close contacts in the United Nations and other multilateral fora. Peru supports India’s claim for permanent membership of an expanded United Nations Security Council.