In recent years, Peru has begun to build a strong commercial relationship with Asia and, as a result, China is now one of its largest international suppliers. Indeed, China and the US between them account for no less than 39 percent of Peru’s imports.
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.
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
For multi-user price options, or to check if your company has an existing subscription to us that we can add you to for FREE, please email Atif Choudhury at firstname.lastname@example.org
automobile market; FDI; IP rights; CAAM.