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Peru exports expected to grow above world average in 2020

11:00 | Lima, Jan. 6.

Peruvian exports are expected to increase 3.5% in 2020, above the global trade average, Association of Peruvian Exporters (Adex) Chairman Erik Fischer has said.

"Statistics show that global trade grows at rates close to 3%. Therefore, exports could be above that average, but not by much," Fischer expressed.

To that effect, he said it is important to understand the new world market, substantially improve competitiveness, and define the best markets for Peru, so that a higher export growth rate can be achieved.

He also estimated that Peruvian exports may have fallen 4.1% in 2019, compared to 2018.

Fischer called on public and private sectors to commit to taking forward the development agendas —for the short, medium, and long term— that will contribute to strengthening companies and entrepreneurs this year.

The officer believes that private sector's efforts in the search for new clients, the participation in fairs, missions and business conferences, as well as research on innovation and investment in technology, will help increase exports, but it will not be enough.

Furthermore, he stressed the need to turn the sectoral executive boards into public-private workspaces that go beyond the Government in power.

(END) MDV/RMB/MVB

Published: 1/6/2020
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