Andina

President: We guarantee legal certainty, what is agreed upon on paper will be fulfilled

Photo: ANDINA/Presidency of the Republic of Peru

Photo: ANDINA/Presidency of the Republic of Peru

08:39 | Lima, Aug. 29.

In order to attract more foreign capital to consolidate our economic growth, Peruvian President Dina Boluarte held a working meeting with Under Secretary for Economic Growth, Energy, and Environment of the United States, Jose W. Fernandez.

The U.S. official arrived at the Lima-based Government Palace on Wednesday joined by a business mission aimed at exploring additional investment opportunities and business prospects in Peru, across sectors such as mining, energy, health, and infrastructure, among others.

The Peruvian top official —who was accompanied by the Ministerial Cabinet— highlighted the importance of this meeting.

Similarly, Mrs. Boluarte emphasized that Peru has great interest in strengthening the Free Trade Agreement (FTA) with the United States, which has been in force for 15 years.

"We feel that this meeting with you is important for this bilateral relationship; we consider you one of our most important trading partners," she noted.

The Head of State underscored that it is extremely important for Peru to hear about the interest U.S. businesspeople have in investing in our country.

Likewise, Mrs. Boluarte emphasized that the Government has been focused on achieving a climate of political stability, which is necessary to attract foreign capital.

"We guarantee legal certainty; that means, what is agreed upon on paper is respected," she said.

The top official added that her administration has managed to unblock 50 hospitals and is carrying out the refurbishment of another 11 centennial medical centers.

"But we are also building other highly complex hospitals nationwide," she mentioned.

The president called on entrepreneurs to invest in various sectors, such as technology –by seeking nationwide connectivity–, transportation –through the implementation of trains and the authorization of airports in provinces that can handle international flights–, and health, among others.

Furthermore, the Head of State expressed interest in having U.S. investment in the future Ancon Industrial Park.

"We want to create a huge industrial park, where we can transform the wealth extracted from the earth and generate more jobs, as well as a better quality of life aiming to reduce the poverty that exists in Peru. We aspire to be a country where investments come in; with your support and technology, we can grow," she expressed.

Moreover, Mrs. Boluarte spoke about the possibility of the United States investing in the Port of Corio located in Peru's southern Arequipa region.

"It could be the other major port hub. It has more depth than Chancay. There, we have another key point to build a tremendous port capable of moving all products that we can export to the world," she said.


"Today, we are proud to say, North American investments employ more than one million workers in Peru," he said in Spanish-language remarks.

The guest also stressed that legal certainty enables U.S. capital to remain in Peru's key sectors, including mining.

Lastly, Peruvian Foreign Affairs Minister Javier Gonzalez-Olaechea underlined that the visit by the U.S. delegation is unique in the history of relations between the United States and Peru due to its official nature.

He added that it is intended to foster private investment with a long-term outlook.

(END) NDP/RMCH/JCR/MVB

Published: 8/29/2024