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Peru: Country of Opportunities

Peru: Country of Opportunities. Jaime Cárdenas Deputy Director – Exports March 03, 2009. Summary. Economy Trade Potential Shows and Exhibitions. GDP (Porcentual variations). Ten years with a positive GDP GDP 2008: 9.8%. Source: Peru Central Bank (BCR).

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Peru: Country of Opportunities

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  1. Peru: Country of Opportunities Jaime Cárdenas Deputy Director – Exports March 03, 2009

  2. Summary • Economy • Trade • Potential • Shows and Exhibitions

  3. GDP(Porcentual variations) • Ten years with a positive GDP • GDP 2008: 9.8% Source: Peru Central Bank (BCR).

  4. Economic growth has been among the highest in the world Growth has been led by private investment and consumption, as well as by a significant recovery of public investment. Source: IMF Country Report No. 09/40

  5. The economy is more open, with a better business climate • Peru has been liberalizing external trade through tariff reductions in recent years and has also been seeking enhanced market access through new bilateral agreements. • To complement the approval of the Peru-U.S. FTA earlier this year, the authorities have continued negotiations with the EU and China, among others. Source: IMF Country Report No. 09/40

  6. Doing Business Peru

  7. Competitiveness on the rise 2008-09 Global Competitiveness Index • Peru's Competitiveness Index • 2008-09 GCI: 3.95 (83rd out of 134 countries) • 2008-09 Sub-Indexes ICC: • Technology: 87 • Institutions: 101 • Macroeconomics: 67 Source: World Economic Forum – 2008

  8. Selected Countries: inflation 2008(%) Inflation has risen but remains low by regional standards. Headline inflation was 6.7 percent in 2008, above the 2 percent target (+/- 1 percent band), mostly driven by higher food and fuel prices. However, pressures broadened, with core inflation (excluding food and fuels) rising from 1.5 percent at end-2007 to 4¼ percent at end- 2008. Source: IMF Country Report No. 09/40

  9. Investment Grade Ratings BBB- (S&P and Fitch): Moderate credit risk or adequate payment capacity. The rise of the ratings is due to the significant decrease in Peru´s fiscal and external vulnerabilities, broad and diversified sources of growth, low level of inflation and strengthening of macroeconomic fundamentals. Source: Proinversión, COFACE

  10. TRADE

  11. Peru's Foreign Trade • Eight years with a positive trade balance • Average Annual Growth 08/99: • Exports: 20.7% • Imports: 18.2% • Total Trade 2008: • US$ 58,082 millions Source: SUNAT. Prepared by: PROMPERU

  12. Export Boom for Peru • 70 months of sustainable growth • Average Annual Growth 08/03: • 29% or US$ 5,764 millions per year • Growth 08/07: 11% Source: SUNAT. Prepared by: PROMPERU

  13. Peruvian Exports Structure • Average Annual Growth 08/03: • Traditional: 31% • Non-Traditional: 24% • Export Share in 2008 • Traditional: 76% • Non-Traditional: 24% Source: SUNAT. Prepared by: PROMPERU

  14. Peruvian Exports Structure New external markets, with about two-thirds of external trade (exports) to be covered under bilateral free trade agreements. They stressed that these agreements should continue to provide the private sector with an important window to continue diversifying exports, particularly in light of the weakening global conditions. Source: SUNAT. Prepared by: PROMPERU

  15. Traditional Exports(in US$ million FOB) Mining Oil and Derivatives Fishing Agriculture Source: SUNAT. Prepared by: PROMPERU

  16. Main Traditional Exports (in US$ million FOB) Source: SUNAT. Prepared by: PROMPERU

  17. World's largest exporter (Traditional) Source: TradeMap CCI. Prepared by: PROMPERU

  18. Non-Traditional Exports (in US$ million FOB) Source: SUNAT. Prepared by: PROMPERU

  19. Main Non-Traditional Exports(in US$ million FOB) Source: SUNAT. Prepared by: PROMPERU

  20. Main Non-Traditional Exports(in US$ million FOB) Source: SUNAT. Prepared by: PROMPERU

  21. World's largest exporters (Non-Traditional) Source: TradeMap CCI. Prepared by: PROMPERU

  22. World's largest exporters (Non-Traditional) Source: TradeMap CCI. Prepared by: PROMPERU

  23. Peruvian Presence in Worldwide Trade 4,750tariff items 178 markets 6,656exporters Source: SUNAT. Prepared by: PROMPERU

  24. POTENTIAL

  25. Textile and Garments Sector Average Annual Growth 08/03: 20% Enterprises: 2,158 Tariff Items: 674 Source: SUNAT. Prepared by: PROMPERU

  26. Agricultural Sector Average Annual Growth 08/03: 25% Enterprises: 1,430 Tariff Items: 517 Source: SUNAT. Prepared by: PROMPERU

  27. Fishing Sector Average Annual Growth 08/03: 25% Enterprises: 473 Tariff Items: 113 Source: SUNAT. Prepared by: PROMPERU

  28. Chemical Sector Average Annual Growth 08/03: 27% Enterprises: 1,722 Tariff Items: 795 Source: SUNAT. Prepared by: PROMPERU

  29. Sidero-Metallurgy Sector Average Annual Growth 08/03: 37% Enterprises: 518 Tariff Items: 258 Source: SUNAT. Prepared by: PROMPERU

  30. Wood Sector Average Annual Growth 08/03: 20% Enterprises: 1,521 Tariff Items: 186 Source: SUNAT. Prepared by: PROMPERU

  31. Cajamarca Amazonas Gold Tumbes Bamboo Loreto Whiteleg shrimps, Fishing for direct consumption Cherimoya Timber Yucca Pijuayo Garlic, coffee, tara Cacao Kidney beans, yucca Piura Aquaculture Ucayali Mango Coal Fish, shellfish Sawn wood and timber Lemon Lambayeque Sugar cane (ethanol) Huánuco Cat's claw, oil palm Papaya Black eyed beans Tea, olluco Madre de Dios Lemon Sawn wood Pasco Mango Chestnut Lead Timber Ancash Zinc, silver Watermelon Gold, copper Achiote, maca Fishmeal Cusco Natural gas Medicinal herbs Ayacucho Achiote, cacao, tea Marigold Barbasco Alpaca, sheep Cochineal Lima Cochineal, tuna Apurímac Huancavelica Ica Lucuma Aniseed Barley Vicuña, cacao Puno Fig Tangerine Watermelon Tuna Alpaca, vicuña Grape Avocado Cochineal Alpaca Tin Artichoke Paprika Tacna Quinua Asparagus Moquegua Olive Molybdenum, copper Oregano Grape Cochineal Paprika, avocado Peru's Exportable Offer San Martin Coffee Tahiti lemon Pijuayo, cacao Papaya La Libertad Sugar cane (ethanol) Junín Artichoke Asparagus Maca, sauco Guanabana Citrus fruits Grape, tara, pepper Arequipa Garlic Onion Paprika, Cochineal, olive Source: Proexpansión

  32. Worldwide Business Platform WTO EFTA Russia Canada European Union Korea China Japan USA Morocco Mexico: ECA 8 ECA extended India CARICOM APEC Thailand Central America Singapore CAN South Africa MERCOSUR ECA 58 Australia Chile: ECA 38 ECA extended Countries with trade agreements in force Countries with signed agreements come into force Countries with trade negotiations in process Countries with trade negotiations in the near future Countries with future trade negotiations New Zealand Total exports to these countries in 2007 : US$ 26,573 millions (96% of total)

  33. Shows and Exhibitions in Peru

  34. Más de 400 expositores 7000 visitantes provenientes de 35 países Oferta: Empresas de Confecciones, calzado, accesorios, joyería, servicios, insumos y maquinaria textil

  35. Gifts and decoration items. Offer of handicrafts and home decorative articles. Modern and ethnic products inspired by traditions from several regions of Peru.. • 140 exporters • 120 international buyers • 2,500 m2

  36. Promotion of Biotrade issues by emphasizing the natural ingredients and products. • Information on Biotrade Fund • Commercial mission (BHK) • Exhibition room • Simultaneous activities in regions • Target audience • Involved in natural ingredients and products in Peru and in the Andean-Amazon jungle region. • Private sector (establishing enterprises and initiatives – SMEs) • Importers and wholesalers from main destination markets: EU, Asia and USA.

  37. THANK YOU

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