Peruvian exports may surpass US$52 billion in 2021

15:37 | Lima, Nov. 9.

Peruvian exports may register a record figure exceeding US$52 billion at the end of 2021, which would represent a growth of 25% compared to 2020, the Lima Chamber of Commerce (CCL) has projected.

"This would prove that the foundations of our foreign trade are very sound and that —despite internal or external turmoil— we are on the right path, registering higher exported value and volume," CCL's Foreign Trade Research and Development Institute (Idexcam) Executive-Director Carlos Posada indicated.

According to the CCL officer, this result is due to the State policy that has been implemented for 20 years, which has contributed to the development and growth of Peru's GDP.

Posada said that —in order to resume exports growth— it is important that the Government implement concrete measures to reactivate the sector so as to generate more foreign currency inflows and jobs.

In this sense, Idexcam presented its Export Reactivation Plan made up of four work pillars: (i) Adequate use of trade agreements, (ii) Enhancement of logistics infrastructure and foreign trade legislation, (iii) Implementation of new tax mechanisms, and (iv) Introduction of ICT in Peruvian foreign trade.

In this regard, Lima Chamber of Commerce Chairman Peter Anders stated that —at this time— it is essential to accelerate trade integration into the global economy, through instruments such as regional or bilateral trade agreements.

"These must be complemented with policies that aim towards the facilitation and modernization of foreign trade logistics, as reflected in the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO)," he said.

Anders added that Peru relies on 21 preferential and binding trade agreements with 54 countries, which account for no less than 90% of the destination markets for Peruvian exports.

Idexcam's executive-director participated in the XVI International Foreign Trade Summit —a virtual event organized by the CCL.


Published: 11/9/2021
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