Moody's: Executive roundtables to favor non-traditional exports

Photo: Courtesy of Mincetur

Photo: Courtesy of Mincetur

18:09 | Lima, Nov. 24.

Moody's Investors Service Vice-President Jaime Reusche on Wednesday affirmed that it is necessary to strengthen executive roundtables so as to capitalize on the better performance of non-traditional exports registered so far this year.

"It is important to strengthen executive roundtables to identify and remove bottlenecks faced by emerging sectors of the Peruvian economy," he told Andina news agency.

The Moody's officer stressed that many formal jobs can derive from non-traditional exports which contribute to generating the supply necessary to meet the external demand, which at this moment relies on a very important boost.

Reusche commented that an approach by the Government to these sectors —through the executive roundtables— would be a significant advance.

"Good coordination between public and private sectors is necessary to take advantage of this momentum which allows the development of new sectors, those to which we are not paying much attention," he said.
Sustained advance

The Central Reserve Bank (BCR) recently reported that —since March 2021— Peru has resumed the leadership in terms of non-traditional exports among the region's main economies. As of September, this situation is maintained.

In this regard, Reusche pointed out that external demand reactivation currently benefits Peru with greater purchase of our products.

"There is a huge demand in the international market as a result of monetary and fiscal stimuli implemented in advanced economies," he underlined.

Moreover, Reusche stressed that this situation generates a very good moment to take advantage of by boosting the agro-industrial and agro-export sectors, among others.

He also noted that the better performance of non-traditional exports is also being favored by the trade integration policy implemented by Peru over recent decades.


Publicado: 24/11/2021