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  HOME | Peru

Peru’s Trade with APEC Partners Growing 13% Annually

LIMA – Peru’s trade with members countries of the Asia-Pacific Economic Cooperation forum has grown at the rate of 13 percent per year since the Andean nation joined the bloc in 1998, a senior adviser to APEC said.

“Forming part of this bloc has been a success in all areas, not only in trade,” Juan Francisco Raffo, a Peruvian executive who chairs the APEC Business Advisory Council, told official daily El Peruano.

“It’s also been good for investments, facilitating the flow of capital to Peru, as well as the incorporation of new, modern business practices,” he added.

Peru’s nontraditional exports to APEC rose to $5.22 billion in 2014, while imports amounted to $26.68 billion, according to official figures.

Raffo said that Peruvian President Ollanta Humala will be one of the speakers at the APEC summit to be held in Manila in November, where he will assume the bloc’s rotating presidency.

Next year, Lima will be the site of the summit of APEC leaders, where more than 100 ministerial meetings will be scheduled and “it will be a great opportunity for the Peruvian business community to make contact with top companies’ executives,” Raffo said.

The 2016 APEC summit will be an opportunity for Humala’s successor, who will be elected in April, to meet with businessmen from the bloc and promote the Peruvian economy, he added.

Since the last summit of leaders organized by Peru in 2008, APEC businessmen “will find that we have a ... great new reality, the Pacific Alliance, which did not exist before,” said the spokesman in reference to the trade bloc that also includes Colombia, Chile and Mexico.

 

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