Peruvian non-traditional exports
remain solid and strong, despite the trade war between the United States and China
, Foreign Trade and Tourism Minister Edgar Vasquez has informed.
This strength is reflected in a 7% increase in said shipments during the first quarter of 2019.
"Peru is one of the economies that is better prepared —according to international organizations— to endure any dispute that may result in a trade slump," the official expressed.
This is because it relies on solid economic foundations, which have allowed it to be one of the three countries in the region that maintain their investment grade.
Furthermore, Peru has the lowest inflation rate in the region and the highest international reserves.
"Plus, our public debt is stable, which makes us a country with high credibility," Vasquez said.
The official also underscored that the Inca country is highly integrated into the world due to the 19 trade agreements in force.