China's presence grows in South America


Virginia Delion

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.

automobile market; FDI; IP rights; CAAM.