Peru seeks to attract over US$16 billion in foreign direct investment from Mexico

19:00 | Lima, Aug. 4.

Peru seeks to attract more than US$16 billion in foreign direct investment from Mexico, a country that has become Peru's third largest trading partner in Latin America, Foreign Trade and Tourism Minister Roberto Sanchez affirmed.

According to the government official, between 2003 and June 2022, Mexico's investment was channeled through more than 22 companies that carried out around 34 projects in Peruvian territory, generating capital inflows that have created more than 19,000 jobs to date.

"Only Southern Cooper (a Mexican mining company) has invested approximately US$9 billion in Peru," he emphasized.

Sanchez underscored that Mexican entrepreneurs' confidence has strengthened various Peruvian industries in areas such as commercial aviation, telecommunications, food and beverages, cement, the chemical industry, miscellaneous manufactured goods, construction, mining, microfinance, and even movie theaters.

"No wonder. The legal and judicial framework in Peru offers investment security, which is very important for those seeking to do business in the country," he commented.

The Cabinet member participated in a work meeting led by the President of the Republic, Pedro Castillo, held last Wednesday at the Government Palace along with Mexican entrepreneurs and Mexico's Foreign Affairs Secretary Marcelo Ebrard, with whom he discussed the importance of further investing in Peru and strengthening bilateral ties.

Peru is the second recipient of Mexican foreign direct investment in Latin America after Brazil, totaling almost US$17 billion over the past 10 years, according to figures reported by the companies themselves.

The Mexican firms present in Peru include Grupo Mexico, America Movil, Ica, Arca Continental, Grupo Salinas, Bimbo, Mabe, Femsa, and Cinepolis. 

Moreover, foreign direct investment from Mexico to Peru is present in regions such as Cajamarca, Lima, Apurimac, Arequipa, Moquegua, and Tacna.


Publicado: 4/8/2022