Andina

Peru guarantees reliable framework, legal stability for foreign investment

Photo: ANDINA/Carla Patiño

13:17 | Lima, Dec. 3.

Peruvian Foreign Affairs Minister Oscar Maurtua on Friday affirmed that the Government has the total willingness to welcome businesspeople who wish to invest responsibly in Peru, assuring them a reliable framework and legal stability required to develop their businesses and ventures.

"In Peru, there is legality and legitimacy for carrying out investments. Political turbulence cannot damage the country's image," said the government official, during the meeting with businesspeople from the European Chamber of Commerce. The event was titled "Investment Opportunities in Peru."

The Cabinet member said his sector is firmly committed to the economic reactivation of Peru following the negative consequences caused by the COVID-19 pandemic.

The diplomat indicated that —in line with the Government's General Policy— an important pillar in the sustainable recovery of Peruvian economy is the attraction of responsible foreign private investment which contributes to greater economic growth, thus generating income and decent jobs, reducing poverty levels, and improving the living conditions of citizens.

Ambassador Maurtua highlighted the macroeconomic figures registered in the country, and the IMF projection which suggests that Peru's GDP will expand at least 10% this year, thus leading economic growth levels in South America.

"This performance denotes an important stimulus and offers us an opportunity to promote foreign industries and investments, especially those leading to social profitability. That means generating inclusive benefits and added value for the various regions and families of Peru," he added.

Moreover, the minister recalled that the Multi-dimensional Review of Peru —prepared in 2016 by the OECD— recommended that the country diversify its economy to avoid falling into the "middle-income trap."

The meeting with European Chamber of Commerce representatives was attended by Private Investment Promotion Agency (ProInversion) Executive-Director Rafael Ugaz; Authority for Reconstruction with Changes Deputy Executive-Director Cecilia Gil Candia; Peru's Exports and Tourism Promotion Board (PromPeru) Business Investment Promotion Director Daniel Cordova; and members of the European Diplomatic Corps accredited in Peru.

(END) NDP/GSR/MVB

Published: 12/3/2021
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