China's presence grows in South America

Among the products that have entered the country are vehicles and mobile phones, soy products, wheat, machinery and equipment, and a variety of inputs for industry.

Forty-seven percent of Peruvian imports are for industrial use and 33 percent are capital goods, such as machinery and equipment, that contribute to the productive capacity of Peruvian industry.

Peru is becoming the hub of Asia in South America; the increase in imports sends a very positive signal about the interest of capital investors from China and other countries to invest more actively in Peru.

Peru has the lowest duties in Latin America, at only 1.9 percent, the fourth lowest cost of importing, the fifth best rules concerning foreign direct investment (FDI), the sixth fastest shipment tracking service and the seventh best skills in logistics.