Greater Washington Hispanic Chamber of Commerce Ana Maria Deustua Commercial Counselor Embassy of Peru to the USA Overview...
Table of Contents <ul><li>PERU: One of the Fastest Growing Economies. </li></ul><ul><li>PERU – US Bilateral Trade </li></u...
Peru: One of the Fastest Growing Economies
Peru: One of the Fastest Growing Economies <ul><li>Sustained  GDP  growth, with an average GDP growth rate 2001-2009 of 5....
Peru: One of the Fastest Growing Economies <ul><li>Simultaneously with improved internal indicators, the strong fiscal pos...
Peru is projected to grow by 5,5 per cent … DOMESTIC DEMAND AND GDP (Percentage changes)
Trade Balance surplus would continue in the next years TRADE BALANCE (Millions of US$)
Continued progress in gaining access to global markets
Multinational Companies Operating in Peru <ul><li>Shougang Corp </li></ul><ul><li>Sapet </li></ul><ul><li>Marubeni </li></...
Peru-US Bilateral Trade
BALANCE OF TRADE PERU – U.S. In 1,000,000 Dollars  (2007 / 2008) / (2008 / 2009) 2007 2008 % Change 2008 2009 % Change  PE...
Peru Exports to the U.S.  Per Chapter / In 1,000 Dollars / 2007 / 2008 / 2009 HTS Number 2007 2008 % Change 2007/2008 2009...
 
Peru Imports from U.S.  Per Chapter / In 1,000 Dollars /  2007 / 2008 / 2009 HTS Number 2007 2008 % Change 2007/2008 2009 ...
 
US Agriculture Exports to Peru (million US $) PRODUCTS 2007 2008 2009 2009/08 CORN (MAIZE), OTHER THAN SEED CORN 71 42 98 ...
PERUVIAN AGRICULTURAL EXPORTS TO THE USA                     (million US $) PRODUCTS 2005 2006 2007 2008 2009 2009/2008 AS...
Peru Trade Promotion Agreement
Peru Trade Promotion Agreement Balance of the Negotiation for Peru <ul><li>Maintained the  access  granted to Peruvian pro...
Peru Trade Promotion Agreement Balance of the Negotiation for the US <ul><li>Eighty percent of US exports  of consumer and...
PTPA Main Considerations <ul><li>The Agreement establishes a  secure, predictable legal framework for US investors  operat...
PTPA Main Considerations <ul><li>Stronger protection for US patents, trademarks and test data , including an electronic sy...
PTPA Main Considerations <ul><li>The Agreement’s  dispute settlement mechanisms  provide for open public hearings, public ...
Business Opportunities for US Companies
Best Prospects for Increased Market Growth for US Companies <ul><li>Agriculture: </li></ul><ul><li>Almost 80%  of current ...
Best Prospects for Increased Market Growth for US Companies <ul><li>Information Technology Products: </li></ul><ul><li>Alm...
Best Prospects for Increased Market Growth for US Companies <ul><li>Peru increasing  investment projects in infrastructure...
Best Prospects for Increased Market Growth for US Companies <ul><li>Chemicals: </li></ul><ul><li>Best prospects in this se...
Best Prospects for Increased Market Growth for US Companies <ul><li>Medical Equipment: </li></ul><ul><li>90% of medical eq...
Best Prospects for Increased Market Growth for US Companies <ul><li>Electrical Power Generation and Distribution Equipment...
Main Investment Opportunities by sectors
Industry Highlights
Industry Highlights
Industry Highlights
Industry Highlights 1st world producer  of  Alpaca  and  Vicuna  fiber. High quality  of Peruvian  Pima cotton. Textile ex...
Industry Highlights
Industry Highlights
Infrastructure projects with concessions granted  to the private sector
Main Websites <ul><li>www.tlcperu-eeuu.gob.pe </li></ul><ul><li>www.ustr.gov </li></ul><ul><li>www.export.gov/FTA/peru/ind...
Ana Maria Deustua  Tel 7202-261.0268 E-mail: commercial@embassyofperu.us
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Peru: Trade Overview and Opportunities

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Ana M. Deustua, Commercial Counselor with the Peruvian Embassy presents at Importacion y Exportacion - Tratados de Libre Comercio

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  •   Un tercer factor de importancia a tomar en cuenta para evaluar al Perú con destino de inversiones es su activa política de integración comercial con el mundo. A través de diversos esquemas de integración, se ha logrado el acceso a importantes mercados ampliados, hacia los cuales podrá acceder el inversionista que se establezca en el país. Ejemplo de ello son los Tratados de Libre Comercio suscritos con Estados Unidos, Canadá, Singapur y China, y el Acuerdo con Tailandia. Destacar que el tratado con Estados Unidos entró en plena vigencia el 1 de febrero de este año y se negocian otros tratados con la Unión Europea, EFTA y Corea. El Perú es además miembro de la Comunidad Andina de Naciones y mantiene también preferencias arancelarias con la mayoría de los países latinoamericanos como México, Chile, Mercosur, etc. Es meta del Perú convertirse en el principal hub de negocios o plataforma exportadora en la región del Pacífico Sudamericano.
  • Peru: Trade Overview and Opportunities

    1. 1. Greater Washington Hispanic Chamber of Commerce Ana Maria Deustua Commercial Counselor Embassy of Peru to the USA Overview and Opportunities
    2. 2. Table of Contents <ul><li>PERU: One of the Fastest Growing Economies. </li></ul><ul><li>PERU – US Bilateral Trade </li></ul><ul><li>PERU Trade Promotion Agreement </li></ul><ul><li>Business Opportunities for US Companies in trade and in investments </li></ul>
    3. 3. Peru: One of the Fastest Growing Economies
    4. 4. Peru: One of the Fastest Growing Economies <ul><li>Sustained GDP growth, with an average GDP growth rate 2001-2009 of 5.4%. The maximum rate in 2008 with 9.8% and minimun in 2009 with 1%. Peru’s growth has been the highest in Latin America. </li></ul><ul><li>Diversified and growing exports (24% annual average growth from 2001 to 2008) </li></ul><ul><li>Sovereign risk below Latin American average (EMBI Global + 273 base points in 2008 compared the 426 base points regional average) </li></ul><ul><li>National poverty rate fell 12.4 percent points between 2004 and 2008, from 48.6% to 36.2% </li></ul>
    5. 5. Peru: One of the Fastest Growing Economies <ul><li>Simultaneously with improved internal indicators, the strong fiscal position explained that in 2008, Peru was awarded investment grade by several international rating agencies. </li></ul><ul><li>High foreign currency reserves: $33,135.0 millions in 2009, over 20 months worth of imports </li></ul><ul><li>Growth forecast for 2010 is around 5.5%, could reach 6% </li></ul><ul><li>Peru is strongly positioned to resume the path of growth once the global economy stabilizes </li></ul>
    6. 6. Peru is projected to grow by 5,5 per cent … DOMESTIC DEMAND AND GDP (Percentage changes)
    7. 7. Trade Balance surplus would continue in the next years TRADE BALANCE (Millions of US$)
    8. 8. Continued progress in gaining access to global markets
    9. 9. Multinational Companies Operating in Peru <ul><li>Shougang Corp </li></ul><ul><li>Sapet </li></ul><ul><li>Marubeni </li></ul><ul><li>Honda </li></ul><ul><li>SK </li></ul><ul><li>LS Nikko </li></ul><ul><li>Sumitomo </li></ul><ul><li>Matsushita </li></ul><ul><li>P&O Dover </li></ul><ul><li>China Fishery Group </li></ul><ul><li>Chinalco </li></ul><ul><li>Zijin Mining </li></ul><ul><li>Nippon Mining </li></ul><ul><li>Mitsui Mining </li></ul><ul><li>Teck Cominco </li></ul><ul><li>Quebecor </li></ul><ul><li>Barrick </li></ul><ul><li>Scotiabank </li></ul><ul><li>Firth Ind. </li></ul><ul><li>Newcrest </li></ul><ul><li>BHP </li></ul><ul><li>Chariot </li></ul><ul><li>Amcor </li></ul><ul><li>Downing Teal </li></ul><ul><li>Orica </li></ul><ul><li>Rio Tinto </li></ul><ul><li>Grupo Slim </li></ul><ul><li>Grupo Mexico </li></ul><ul><li>Grupo Bimbo </li></ul><ul><li>Zeta Gas </li></ul><ul><li>Minas Peñoles </li></ul><ul><li>Banco Azteca </li></ul><ul><li>Elektra </li></ul><ul><li>Café Britt </li></ul><ul><li>Techint </li></ul><ul><li>Pluspetrol </li></ul><ul><li>Odebrecht </li></ul><ul><li>Petrobras </li></ul><ul><li>AmBev </li></ul><ul><li>Gerdau </li></ul><ul><li>Votorantim </li></ul><ul><li>Vale </li></ul><ul><li>Grupo ISA </li></ul><ul><li>Falabella </li></ul><ul><li>Ripley </li></ul><ul><li>CENCOSUD </li></ul><ul><li>ENAP </li></ul><ul><li>LAN </li></ul><ul><li>Hunt Oil </li></ul><ul><li>Nextel </li></ul><ul><li>Citibank </li></ul><ul><li>Phelps Dodge </li></ul><ul><li>Duke Energy </li></ul><ul><li>Freeport McMoRan </li></ul><ul><li>Procter & Gamble </li></ul><ul><li>Kimberly Clark </li></ul><ul><li>Coca Cola Comp. </li></ul><ul><li>Chevron Corp. </li></ul><ul><li>Cargill </li></ul><ul><li>Kraft </li></ul><ul><li>Sempra </li></ul><ul><li>PSEG </li></ul><ul><li>Newmont </li></ul><ul><li>Doe Run </li></ul><ul><li>Telefónica </li></ul><ul><li>BBVA </li></ul><ul><li>Endesa </li></ul><ul><li>Repsol - YPF </li></ul><ul><li>HSBC </li></ul><ul><li>Flughafen Frankfurt </li></ul><ul><li>Suez Group </li></ul><ul><li>Xstrata </li></ul><ul><li>Acea /Impregilo </li></ul><ul><li>Messer </li></ul><ul><li>Faber Castell </li></ul><ul><li>Deutsche Bank </li></ul><ul><li>Grupo Santander </li></ul><ul><li>Grupo Fierro </li></ul><ul><li>Ashmore </li></ul><ul><li>SN Power </li></ul><ul><li>Elecnor / Isolux </li></ul><ul><li>Polysius </li></ul><ul><li>OHL </li></ul><ul><li>Orient Express </li></ul><ul><li>Cimpor </li></ul><ul><li>Anglo American </li></ul><ul><li>Sonatrach </li></ul><ul><li>Gold Fields </li></ul><ul><li>Sab Miller </li></ul>
    10. 10. Peru-US Bilateral Trade
    11. 11. BALANCE OF TRADE PERU – U.S. In 1,000,000 Dollars (2007 / 2008) / (2008 / 2009) 2007 2008 % Change 2008 2009 % Change PERU X’S TO US 5,207.1 5,839.9 12.20% 5,839.9 4,234.6 -27.50% PERU M’S FROM US 3,764.3 5,687.0 51.10% 5,687.0 4,355.8 -23.40% BILATERAL TRADE 8,971.4 11,526.9 28.50% 11,526.9 8,590.4 -25.47% BALANCE OF TRADE 1,442.8 152.9 -89.40% 152.9 -121.2 -179.26%
    12. 12. Peru Exports to the U.S. Per Chapter / In 1,000 Dollars / 2007 / 2008 / 2009 HTS Number 2007 2008 % Change 2007/2008 2009 % Change 2008/2009 71 PRECIOUS OR SEMI PRECIOUS STONES 903,259 1,029,429 14.00% 812,060 -21.10% 27 MINERAL FUELS, MINERAL OILS 810,119 1,182,176 45.90% 641,940 -45.70% 74 COPPER AND ARTICLES 1,067,134 929,734 -12.90% 583,696 -37.20% 61 APPAREL AND CLOTHING ACC. 764,209 749,216 -2.00% 566,743 -24.40% 80 TIN AND ARTICLES 262,168 366,047 39.60% 266,107 -27.30% 7 EDIBLE VEGETABLES AND ROOTS 228,228 230,580 1.00% 237,579 3.00% 9 COFFEE, TEA, MATE AND SPICES 179,254 230,774 28.70% 207,949 -9.90% 20 PREPARATIONS OF VEGETABLES, FRUITS, NUTS 107,971 161,954 50.00% 162,137 0.10% 3 FISH AND CRUSTACEANS, MOLLUSCUOS 74,417 84,443 13.50% 99,940 18.40% 26 ORES, SLAG AND ASH 182,676 195,146 6.80% 98,228 -49.70% 8 EDIBLE FRUIT AND NUTS 81,564 107,288 31.50% 96,253 -10.30% 79 ZINC AND ARTICLES THEREOF 4,033 43,901 988.60% 66,960 52.50% Sub-Total 4,665,032 5,312,696 13.88% 3,839,592 -27.73% All Others: 494,084 516,009 4.40% 447,627 -13.30% Total 5,207,070 5,839,906 12.20% 4,234,615 -27.50%
    13. 14. Peru Imports from U.S. Per Chapter / In 1,000 Dollars / 2007 / 2008 / 2009 HTS Number 2007 2008 % Change 2007/2008 2009 % Change 2008/2009 84 MACHINERY AND MECHANICAL APPL 874,132 1,305,826 49.40% 1,077,466 -17.50% 27 MINERAL FUELS 503,801 1,197,981 137.80% 487,463 -59.30% 85 ELECTRICAL MACHINERY 263,694 445,939 69.10% 372,290 -16.50% 39 PLASTICS AND ARTICLES THEREOF 406,580 505,693 24.40% 344,434 -31.90% 87 VEHICLES 178,685 229,127 28.20% 218,442 -4.70% 10 CEREALS 232,112 171,700 -26.00% 180,409 5.10% 38 MISCELLANEOUS CHEMICAL 85,195 109,848 28.90% 138,517 26.10% 98 SPECIAL CLASSIFICATION PROVISIONS 112,700 172,456 53.00% 133,760 -22.40% 29 ORGANIC CHEMICALS 159,849 171,755 7.40% 127,600 -25.70% 90 OPTICAL, PHOTOGRAPHIC 104,118 134,139 28.80% 117,042 -12.70% 72 IRON AND STEEL 36,407 183,352 403.60% 79,517 -56.60% 31 FERTILIZERS 62,014 105,628 70.30% 75,846 -28.20% Sub Total 3,019,287 4,733,444 56.77% 3,352.786 29.17% All others 774,996 953,542 28% 1,002,987 5.20% Total 3,764,282 5,686,984 51.10% 4,355,772 -23.40%
    14. 16. US Agriculture Exports to Peru (million US $) PRODUCTS 2007 2008 2009 2009/08 CORN (MAIZE), OTHER THAN SEED CORN 71 42 98 131.60% WHEAT AND MESLIN 161 127 82 -36.00% COTTON, NOT CARDED OR COMBED 85 82 70 -15.20% SOYBEAN OILCAKE & SOLID RESIDUES 7 11 68 504.10% SOYBEAN OIL 2 0 53 N/A CHOCOLATE AND COCOA PREPARATIONS 6 6 11 99.50% FATS OF BOVINE , SHEEP OR GOATS 13 15 10 -32.20% MALT, NOT ROASTED 0 1 7 1232.80% LENTILS, DRIED SHELLED, INCL. SEED 4 4 7 94.90% SOYBEANS, WHETHER OR NOT BROKEN 3 13 7 -43.10% TOTAL 352 301 413 37.21%
    15. 17. PERUVIAN AGRICULTURAL EXPORTS TO THE USA           (million US $) PRODUCTS 2005 2006 2007 2008 2009 2009/2008 ASPARAGUS, FRESH OR CHILLED 110 130 161 153 162 6.10% COFFEE, NOT ROASTED, NOT DECAFF. 74 109 124 155 139 -10.30% OTHER PREPARED VEGETABLES 0 0 55 77 73 -4.90% PAPRIKA, DRIED ,CRUSHED OR GROUND 34 39 40 58 42 -26.90% GRAPES, FRESH 11 16 18 26 32 20.30% OTHER PRESERVED VEGETABLES 7 12 17 28 30 6.90% ASPARAGUS, PREPARED OR PRESERVED 17 25 23 38 28 -24.80% COFFEE, NOT ROASTED, DECAFF. 5 11 13 14 23 65.60% ONIONS FRESH 17 17 19 19 22 19.90% MANGOES FRESH OR DRIED 22 24 24 30 22 -26.30% TOTAL 297 383 494 598 573 -4.18%
    16. 18. Peru Trade Promotion Agreement
    17. 19. Peru Trade Promotion Agreement Balance of the Negotiation for Peru <ul><li>Maintained the access granted to Peruvian products under the ATPDEA. </li></ul><ul><li>Duty free treatment to products not included before in ATPDEA: cotton fiber, yarns and fabrics, other textile products (not apparel), among others. Almost 98% of the Peruvian exports are granted duty free treatment. </li></ul><ul><li>Increased cuotas for some food products: dairy products (evaporated milk, cheese, dulce de leche), sugar. </li></ul>
    18. 20. Peru Trade Promotion Agreement Balance of the Negotiation for the US <ul><li>Eighty percent of US exports of consumer and industrial products to Peru become duty free immediately, with remaining tariffs phased out over 10 years. </li></ul><ul><li>More than 2/3 of current US farm exports will become duty free immediately . Other US farm products will be phased out within 15 years, with all tariffs eliminated in 17 years. </li></ul><ul><li>Access of remanufactured equipment into the Peruvian market. </li></ul><ul><li>Automobiles of more than 3.0 Lt manufactured in the US have duty free acces. </li></ul>
    19. 21. PTPA Main Considerations <ul><li>The Agreement establishes a secure, predictable legal framework for US investors operating in Peru. </li></ul><ul><li>US investors will enjoy the right to establish, acquire and operate investments in Peru same as local investors. </li></ul><ul><li>The Agreement provides for improved standards for the protection and enforcement of a broad range of intellectual property rights, consistent with US and international standars. </li></ul>
    20. 22. PTPA Main Considerations <ul><li>Stronger protection for US patents, trademarks and test data , including an electronic system for the registration and maintenance of trademarks. </li></ul><ul><li>US suppliers are granted non-discriminatory rights to bid on contract from a broad range of Peruvian government ministries, agencies, public enterprises, and regional governements. </li></ul>
    21. 23. PTPA Main Considerations <ul><li>The Agreement’s dispute settlement mechanisms provide for open public hearings, public access to documents, and the opportunity of third parties to submit views. </li></ul><ul><li>Transparency in customs operations will aid express delivery shipments and will require more open and public processes for customs ruling and administration. </li></ul><ul><li>The Agreement includes obligations in labor and environmental issues according to international laws. </li></ul>
    22. 24. Business Opportunities for US Companies
    23. 25. Best Prospects for Increased Market Growth for US Companies <ul><li>Agriculture: </li></ul><ul><li>Almost 80% of current agricultural exports receive duty free treatment, among them: cotton, wheat, soybeans, apples, pears, peaches, cherries and almonds. </li></ul>
    24. 26. Best Prospects for Increased Market Growth for US Companies <ul><li>Information Technology Products: </li></ul><ul><li>Almost all information technology products have duty free treatment . Best prospects in this sector include computers and computer parts, radio and television broadcasting apparatus and software. </li></ul><ul><li>Industrial Machinery: </li></ul><ul><li>Capital goods exports have duty free treatment. </li></ul><ul><li>Agricultural and construction equipment, food processing, packing equipment, heating and cooling equipment will benefit from the Agreement. </li></ul>
    25. 27. Best Prospects for Increased Market Growth for US Companies <ul><li>Peru increasing investment projects in infrastructure as roads, ports and airports will continue to fuel demand for specialized machinery. </li></ul><ul><li>Natural resources in mining in the Andean region and an oil reserves along the northern Coast and in the jungle have ignited interest in prospecting and exploration. </li></ul>
    26. 28. Best Prospects for Increased Market Growth for US Companies <ul><li>Chemicals: </li></ul><ul><li>Best prospects in this sector include polyethylene, lubricant oil additives and acrylic polymers. </li></ul><ul><li>96% of fertilizer and agrochemical exports have duty free treatment. </li></ul><ul><li>Remanufactured Equipment: </li></ul><ul><li>- US remanufacturers of products such as: engines, radiators and alternators for construction equipment and transportation machinery, will be able to export their products without non tariff barriers. </li></ul>
    27. 29. Best Prospects for Increased Market Growth for US Companies <ul><li>Medical Equipment: </li></ul><ul><li>90% of medical equipment exports receive duty free access, with remaining duties phased out over five years. </li></ul><ul><li>Best prospects: instrument parts, electro diagnostic apparatus and ultrasound. </li></ul>
    28. 30. Best Prospects for Increased Market Growth for US Companies <ul><li>Electrical Power Generation and Distribution Equipment: </li></ul><ul><li>- The government of Peru is encouraging electric power producers to convert from oil and diesel fuels to natural gas. This request will lead to greater need for power generation equipment in Peru. </li></ul>
    29. 31. Main Investment Opportunities by sectors
    30. 32. Industry Highlights
    31. 33. Industry Highlights
    32. 34. Industry Highlights
    33. 35. Industry Highlights 1st world producer of Alpaca and Vicuna fiber. High quality of Peruvian Pima cotton. Textile exports US$2 billion in 2008 Recognized quality as “full package” supplier of knitted cotton apparel for the best international brands.
    34. 36. Industry Highlights
    35. 37. Industry Highlights
    36. 38. Infrastructure projects with concessions granted to the private sector
    37. 39. Main Websites <ul><li>www.tlcperu-eeuu.gob.pe </li></ul><ul><li>www.ustr.gov </li></ul><ul><li>www.export.gov/FTA/peru/index.asp </li></ul>
    38. 40. Ana Maria Deustua Tel 7202-261.0268 E-mail: commercial@embassyofperu.us

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