BEIJING, May 3 (NNN-ANDINA) — During his recent trip to Beijing, Peruvian Foreign Affairs Minister Javier Gonzalez-Olaechea presented to Chinese businesspeople and high-ranking authorities the investment opportunities available in Peru, highlighting the strengths of economic policy and legal certainty.
The government official indicated that Peru has relied on a serious and structured economic policy for more than 30 years, characterized by its macroeconomic soundness, fiscal strength, and trade openness through 22 free trade agreements.
In that regard, Peru has registered an average economic growth of 4.4% over the past two decades.
Gonzalez-Olaechea indicated that last April Peru registered 27 consecutive years with one of the lowest inflation rates in the region (around 2%) —the longest period of monetary stability in the South American country. He added that it offers certainty and legal stability to foreign investors.
At this event, the Foreign Affairs sector’s head invited Chinese businesspeople to continue investing in Peru.
He detailed that in 2024 the State-run Private Investment Promotion Agency (ProInversion) seeks to award 26 projects worth over US$8.1 billion, followed by 43 projects (worth over US$7.5 billion) in 2025 and 26 additional projects (worth over US$8.5 billion) in 2026.
During his speech, he referred to Peru’s four investment pillars, such as infrastructure investment; population’s well-being and development promotion; investment promotion in digital transformation of enterprises’ productive processes; and clean energy promotion through green hydrogen projects and wind-photovoltaic parks development.
On the latter, Minister Gonzalez-Olaechea indicated that a transition is expected in the automotive sector, which will allow the creation of infrastructure necessary for electric vehicles and the setting up of factories by Chinese automotive companies in Peru.
Regarding the 2024 Presidency of the Asia-Pacific Economic Cooperation (APEC) forum, he indicated that Peru has the honor of hosting this event for the third time in its history, which proves the support and trust granted by the other 20 member economies to our country.
Moreover, he noted that the inauguration of the Chancay Megaport’s first stage is scheduled for November of this year, due to the State visit by Chinese President Xi Jinping to Peru on the occasion of the APEC Leaders’ Summit.
The keynote conference called “Investment Opportunities in Peru and APEC – Peru 2024″ was attended by senior representatives of the Chinese Ministries of Foreign Affairs, Commerce, Agriculture and Rural Affairs, Human Resources and Social Security, and Emergency Management.
Representatives of the important China Council for the Promotion of International Trade (CCPIT) and China Council for International Investment Promotion (CCIIP) participated in the event as well.
High-ranking representatives of the Chinese business community from the energy, infrastructure, railway, electricity, technology, commerce, finance, agriculture, logistics, and textile sectors, among others, were also present in the event. — NNN-ANDINA
