Andina

President Boluarte invites Chinese investors to become part of Peru's development

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

00:30 | Shanghai (China), Jun. 27.

The President of the Republic Dina Boluarte has invited Chinese businesspeople to invest in Peru and thus become part of the South American country's development.

"I invite you to invest in Peru and become part of our development. Each one of you, gentlemen entrepreneurs and investors, will be warmly welcomed and treated, as we often say in our beloved homeland, with the affection you deserve," Mrs. Boluarte expressed.

"You are welcome to Peru, to the land of the Incas," she added during the "Investment Opportunities in Peru" keynote conference, which took place at the Grand Hyatt Shanghai on Thursday morning, China time.

The Head of State emphasized our country's solid macroeconomic fundamentals and prudent economic management over the last three decades.

As a consequence —she stressed— Peru has recorded an average economic growth over the past 20 years that doubles the average for Latin America in the same period.

Similarly, it has registered a single-digit inflation rate for three consecutive decades, she underscored.

In this regard, Mrs. Boluarte said the Ministry of Economy and Finance (MEF) projects that Peru's economic activity will grow 3.3% in the period between 2024-2027, sustained by the deployment of investments in infrastructure, the supply of primary products, external demand improvement, as well as competitiveness and productivity strengthening. 

The top official highlighted that Peru is integrated into the world and has signed 
22 free trade agreements (FTAs).

In this sense, the Head of State mentioned the agreements signed by Peru with multilateral organizations, such as the International Centre for Settlement of Investment Disputes (ICSID), to guarantee private investments.

"This ensures predictability and certainty for foreign entrepreneurs who wish to invest their capital in Peru," she stated.

Economic tax benefits

President Boluarte also mentioned the construction of the multimodal logistics hub on Peru's central coast, which includes the expansion of Jorge Chavez International Airport, as well as of the Northern and Southern Docks of the Callao Port, plus the construction of Chancay Megaport and the future Park Industrial in Ancon, which will be interconnected by a transportation network to be declared as a Special Economic Zone (SEZ).

In this regard, she said her administration has been studying economic and tax benefits for said SEZ.

(END) RMCH/JCR/MVB

Publicado: 27/6/2024