stated that China is showing greater interest in making new multi-sector investments in Peru.
"The Peruvian market is attractive; Chinese capital is basically interested in infrastructure, power generation, power transmission, mines, and other ports; they are interested in bringing their technology to build bullet trains, among others," Arista told TVPeru.
There is plenty of interest from China in developing such infrastructure projects, he added.
Private investment
Minister Arista commented that, although private investment would grow 2% this year, efforts are being made to encourage and boost it in 2025.
Processes for obtaining permits at all stages are being accelerated to speed up the implementation of mining projects.
The Cabinet member commented that some projects pending approval include Zafranal, San Gabriel, and three large ventures in the Encañada area, Cajamarca region.
"If we can get these three or four projects into production, we will be closer to the dream of Peru becoming the world's leading copper producer," he said.
Informal mining
On the other hand, Minister Arista commented that the Comprehensive Mining Formalization Registry (REINFO), recently extended for six months, was an initiative to formalize informal mining operations, since illegal mining cannot be formalized.
"The success was not as expected. Thus, it is necessary to work on new mechanisms to increase the number of formal companies and ensure that they pay their taxes," he remarked.
On the other hand, Arista commented that his absence from CADE Executives 2024 was due to the fact that November is a very complicated month for his sector, as it is in the final stretch for the approval of the Public Budget for the following year.
"I informed the organizers in advance that I would not be able to attend," he indicated.