Moody's Investors Service Vice-President Jaime Reusche ruled out a trade war between the United States and China may considerably affect Peruvian economy.
"You are still exporters of
raw materials and, in fact, trade wars do not have a great impact on this issue," the
senior analyst noted.
Likewise, he pointed out Peru's level of trade openness is low if compared to those of countries with higher
trade volumes.
"In many other economies a little more open (to the foreign trade), we notice they make up 80% or more (…)," he added.
According to Reusche,
trade conflicts between the United States and China affect —to a greater extent—
exports of manufacturing products and intermediate goods.
"Thus, at present, we do not see many risks regarding
foreign trade, at least not for Peru," he concluded.
(END) MDV/JJN/JAA/MVB