Peru Strengthens Its Trade Relationship With Malaysia

LIMA, Nov 9 (Bernama) — Peru continues to focus on Asia with the aim of becoming a strategic partner for the export of its fresh products. With an annual growth rate of close to 5%, Peru is one of the Latin American countries with the greatest international projection. Food exports represent its second largest generator of foreign currency and, even though its main destination markets are currently North America and the European Union, the growth in commercial exchange with Asia in the fruit and vegetable sector has evolved favourably in recent years. 

In 2019, Malaysia received fresh Peruvian products worth over $12,000 million dollars, an exchange that represents over 2% of the Peruvian exports in Asia. This figure, together with the great economic development which Malaysia has shown in the previous years – a GDP with a growth of 4.3% in 2019 – places Malaysia among the main economies in the region. This encourages the great expectations that Peru has regarding this country. 

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