Informes del peru por usa

Our World

Latin America’s fastest growing economy
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PERU

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onsistency and coherency possibly best describe the Peruvian government’s economic policies over the past 15 years. By opening up tothe world, introducing investment-friendly and fiscally-sound reforms, promoting its quality exports, and investing in infrastructure development, Peru has achieved the economic growth it had previously only dreamed of. Gone are the years of instability and domestic terrorism, and welcome are many years to come of steadily paced socioeconomic development. President Alan Garcia Perez, elected tooffice in June 2006, remarks, “Peru represents a successful model in Latin America that stands out not only for its results, but also for being a benchmark of modern democracy.” Perhaps nothing highlights Peru’s efforts as much as the signing of free-trade agreements in recent years. In March 2010, a pact was signed with the EU, and a new agreement with the U.S. just came into effect in February. Thetreaties are boosting exports, attracting FDI, and spurring new business development. Peru has also signed trade agreements with China, Canada, Korea, and Singapore, among others. The pacts are vital to expanding the markets where Peruvian businesses can sell their goods, yet no market is more important for Peru than the U.S. “The U.S. is our most important trade partner,” said Prime MinisterJavier Velasquez. “The FTAs are an important tool that allow us to compete and to gain entry to markets such as the 300 million consumers in America.” Revenues from increased trade are being put to good use at home. For example, funding

President Barack Obama held an official meeting with Peruvian President Alan Garcia on May 31 at the White House. They discussed cooperation, democracy, and theircountries’ bilateral free trade deal

‘WE ARE INTERESTED IN INVESTMENT THAT CREATES JOBS AND INTERNATIONAL INVESTMENT IN INFRASTRUCTURE. PERU IS A RICH COUNTRY WITH ENORMOUS POTENTIAL’
ALAN GARCIA PEREZ, President of Peru

for rural areas has been one of the pillars of Peru’s increasingly progressive social development and solid economic base, as well as a smart diversification strategy.Moreover, greater emphasis on education has had a great impact on Peruvians, while huge improvements in logistics infrastructure are helping grow the economy more smoothly. Indeed, the Port of Callao is one of the largest ports in South America, and the Jorge Chavez Airport was ranked the continent’s best in 2005, 2009, and 2010.

Peru is fortunate in that it does not depend entirely on others forits economic wellbeing. The country’s abundant and diverse natural resources are a great source of wealth, and also provide many opportunities for growth in the future, says President Garcia. “Peru will be the third-biggest mining country in the world in short term,” he affirms. “Peru has the world’s richest fishing sea because of the cold current running through the ocean nearby. Peru has a hugeamount

of hydropower potential from rivers that flow from the Andes to the Amazon plain and Peru has resources such as gas that have just begun to be explored.” Local businesses are actively and successfully increasing the range of products they export, to textiles, machinery and more processed foods, a process that is also spurring new job creation. U.S. Ambassador to Peru Michael McKinleypraised Peru’s success in promoting economic growth and poverty reduction last July, noting that

the country will have one of the fastest expanding economies this year. That growth, along with the institutional and macroeconomic stability that the government has provided, will make sure the country’s success continues, said the Prime Minister. “Peru is leading economic growth in Latin America, and...