Why do business in Peru?
Peru is an emerging market in Latin America that has excellent growth potential in the coming years.
Peru is currently at one of the most critical points in its modern history. Peru has the challenge of accelerating growth high expansion rates through, the productivity and investment. The Peruvian economy has continued to perform better than others economies in the region.
The Pacific Alliance is another advantage for economic integration, made up of Peru, Chile, Colombia, and Mexico. Its reasons d’être is economic and commercial development, and its fundamental purpose is to become an area that fosters great growth, development, and competitiveness of their economies.
Finally, the Canada-Peru Free Trade Agreement (FTA), which came into effect on August 1, 2009, is intended to encourage and increase investment between Canada and Peru. Since that free trade agreement, the value of Canadian exports to Peru has increased on average by 12.3% per year and the value of Canadian imports by 16% per year.
With an average growth rate of 6.4% of GDP over the last decade, Peru represents a dynamic and supportive market for Canadian investment. According to the most recent data, Peru will continue to be the growth leader in Latin America with an average rate of 6% for 2013 and 2014.
The Canada-Peru Free Trade Agreement (FTA), which came into effect on August 1, 2009, is intended to encourage and increase investment between Canada and Peru. Since that free trade agreement, the value of Canadian exports to Peru has increased on average by 12.3% per year and the value of Canadian imports by 16% per year.
Some of the best sectors for investment in Peru:
The country has interesting opportunities in exploration and mining.
Peru has prioritized the development of infrastructure to create a logistics center in its regions and borders. The concessions in land, port and airport infrastructure represent almost US $ 7 billion.
Sector full modernization, as the underlying infrastructure: roads and irrigation systems. Peru has a rich biodiversity that positions it as a global provider of organic and natural products. Several products such as quinoa, asparagus, and organic coffee are highly competitive products all over the world.
Peru is developing tropical wood and is the second country in Latin America with the largest area of natural forest.
The “Pima” cotton from Peru is recognized as one of the best in the world. The country is also the world’s leading producer of fine camelid fibers such as alpaca and vicuña.
Information and Communication Technologies
A significant increase in telecommunications. Peru acquires mainly equipment and systems of advanced technology.
Oil and gas
Mainly exploration, construction of new oil and gas pipelines, petrochemical refining.
This sector represents almost 4% of the country’s GDP and is constantly growing taking into account travel trends and investments in the hotel market.