UNCLASSIFIED RELEASED IN PART B 1 1 4 B 1 4 D Yu Alan K OES From Sent To Cc Subject Miles Richard G Monday December 09 2002 4 22 PM Caulfield John P Lima Shannon Thomas A Chicola Phillip T Creamer John S Dawson · John R · Hinson Elizabeth P Lima Margulies Alexander H Lima Stater Timothy M Lima Naranjo Brian R Yu Alan K OES Rogers Mary Brett Fernandez Courtney Hammer Michael A P Martinez Elizabeth L D Zarin Michael N SP Bush - Datiino Conversation CONFIDENTIAL DECL 12 9 12 Ambassador Dafiino accompanied by his wife and four sons presented his credentials to President Bush at approximately 1 30 p m December 9 Trade and Investment Dafiino thanked the President for ATPDEA but said investors needed a 'longer timeli11e He recounted how Jack Hanks · the owner of Maple Gas and a classmate of Secretary Evans and President Bush had told Evans that he wanted to invest an additional $100 million but because ATPDEA benefits expired in 2005 6 he could not make that commitment Dafiino said Peru needed to assure investors that the ATPDEA advantages were for real and asked us to b ild on them within a bilateral framework The President made no assurances Dafiino also mentioned the potential for investment in ethanol production and said this could occur in coca-producing regions Camisea Gas Project The President asked about the Camisea gas project and said he understood there were some environmental objections Dafiino said there were radical environmentalist groups opposed to the project but that the Nature Conservancy and WWF could support it if the project organizers met certain commitments unspecified Dafiino told the President that Peru would meet these benc ks and stressed that the Camisea gas fields would add 1 5 percent to Peru's GDP Bl CONFIDENTIAL UNITED STATES DEPARTMENT OF STATE REVIEW AUTHORITY JOHN L MILLS DATE CASE ID 27 APR2004 200302345 1 UNCLASSIFIED