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Air cargo transport development in peru eduardo garcia-godos

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  • Despite continuous volatility and uncertainty in the region, the recovery in Peru has been step fast and continuous.
  • Peru’s sound macroeconomic fundamentals and performance are recognized by the markets: Peru’s country risk, measured by the spread over US treasury, has remained below the Latin American average.
  • Transporte multimodal
  • Transcript

    • 1. AIR CARGO TRANSPORT AND TRADE DEVELOPMENT IN PERU Eduardo García-Godos M. Legal Adviser Calgary, September 2006
    • 2. SITUATION OF AIR COMMERCIAL MARKET
      • Rising oil prices has affected airlines costs. Announcing permanent increase of its fares.
      • September 11th, worsened critical condition of air cargo transport sector. Approximately, by 83% of Latin American airlines face economic problems and several of them were bankrupted.
      • On the other hand, world traffic of passengers has experimented a steady recovery, having reached a growth of 7.6% in 2005. Latin America´s traffic of passengers has grown around 6% during 2004 and 10% in 2005.
      • Nevertheless, great expectations are foreseen: 2006 started growing 9.8% in air cargo traffic of Latin-American Airlines, as compared to world average growth of 3,2%.
    • 3. WHERE IS THE AIR CARGO?
    • 4. AIR CARGO TRANSPORT IN AMERICA
    • 5. Peru has maintained its economic growth for the last three years Growth of GDP (Variation compared to the same month of previous year, %) Estimated GDP 2005: 6.4 % Source: Central Reserve Bank of Peru 2 3 4 5 6 7 8 IIQ 03 IIIQ 03 IVQ 03 IVQ 04 IQ 0 4 IIQ 0 4 IIIQ 0 4 IQ 05 3,6 3,5 2, 9 4 , 9 3,6 4,8 6,6 6,4 6,2 IIQ 05 6,4 IIIQ 05 7,7 IVQ 05 7,3 IQ 06 6,0 IIQ 06
    • 6. Source: Bloomberg Update August 31, 2006 Country risk has remained below the Latin America average JP Morgan Index EMBI+ ( basic points differential on US Treasury Bonds) 200 400 México 1 000 600 529 136 207 323 111 203 222 209 Argentina Perú Venezuela Ecuador Colombia Brasil Latinoamérica 800
    • 7. EXPORTS GROWTH AND FORECAST 2006 Peru: Exports to the world billions US$ FOB Fuente: SUNAT PROJECTION 2006: US$ 21 billions
    • 8. FOREIGN MARKETS AND TRADE NEGOTIATIONS AGENDA
    • 9. AIR CARGO TRADITIONAL MARKET
        • Products for whose features require to be promptly delivered.
        • Perishables: Asparagus, fresh fruits, flowers, fishery.
        • Animals: Camelids, livestock, horses.
        • High-value commodities and light weight products: i.e. mobile phones and electronic products.
    • 10. AIR CARGO MARKET IN PERU Gap between maritime and air transport is one of the largest in Latin America 1/ En volúmenes 1/ En volúmenes 1/ En volúmenes Fuente: CEPAL
    • 11. AIR CARGO MARKET IN PERU
      • There is a different course of imports and exports air cargo in Peru and the Region.
      • There are more than 3 exported kilos for each kilo imported.
      • In 2004 Imports*: 32,491,363 kg
            • Exports*:
      • 98,158,149 kg
      • * (registered at Lima Airport)
    • 12. AIR CARGO MARKET IN PERU
    • 13. MAIN PRODUCTS EXPORTED THROUGH AIR CARGO 100,00 % 4 269 676 899 TOTAL 11,51 % 491 525 380 OTHERS 0,56 % 23 872 374 OTHERS COTTON APPAREL 0,60 % 25 754 687 OTHERS COTTON SHIRTS AND APPAREL FOR WOMEN AND GILRS 0,70 % 29 958 938 PINPOINT COTTON SHIRTS FOR MEN ONE COLOR 0,89 % 37 816 277 OTHER COTTON "T-SHIRTS“. 1,87 % 79 770 081 PLAIN SILVER 1,96 % 83 712 623 COTTON “T-SHIRTS” WOVEN ONE COLOR 2,12 % 90 453 982 JEWELERY 3,07 % 131 240 935 ASPARAGUS (FRESH OF REFRIGERATED 4,77 % 203 682 124 CARBUROREACTORES TIPO QUEROSENO PARA REACTORES Y TURBINAS DESTINADOS A EMPRESAS DE AVIACION 71,95 % 3 071 889 497 GOLD IN OTHER FORMS EN BRUTO % FOB FOB US$ PRODUCTS 100,00 % 4 269 676 899 TOTAL 11,51 % 491 525 380 OTHERS 0,56 % 23 872 374 Garments of cotton 0,60 % 25 754 687 Others, of yarn of different colours for women and boys 0,70 % 29 958 938 Of man-made fibres 0,89 % 37 816 277 Others, of yarn of different colours 1,87 % 79 770 081 Silver non alloy 1,96 % 83 712 623 Of one uniform colour dyed yarn, including bleached yarn 2,12 % 90 453 982 Of other precious metal, whether or not plated or clad with precious metal 3,07 % 131 240 935 Asparagus 4,77 % 203 682 124 Carburoreactors type Kerosene for reactors and turbines (Turbo A1) destined to the businesses of aviation 71,95 % 3 071 889 497 Gold other unwrought forms % FOB FOB US$ PRODUCTS
    • 14. AIR CARGO MARKET IN PERU
      • Peruvian non traditional exports mainly concentrates in fresh asparagus, which is seasonal.
    • 15. AIR CARGO MARKET IN PERU
      • Despite high concentration and seasonability, asparagus has a low unitary value for air cargo standards markets, even if compared to other perishable products.
    • 16. DIFFICULTIES OF AIR CARGO IN PERU
      • Emerging industry affected by rising costs, i.e. fuel, tariffs of cargo imports, navigation services, landing and takeoff charges, etc.
      • Limited promotion measures of civil aviation.
      • Disadvantages if compared to other competitors who operate under a more favorable legal conditions in air cargo transport services.
      • Main routes serve major cities of the country however, the country is only connected by 20% of airports. By 80% of airports are not suitably used.
    • 17. CHALLENGES
      • Improvement of airport and logistic infrastructure: August 2006, launched a privatization process under PPP framework. Focus on domestic regional airports.
      • To take advantage of both strategic location (centre of South American Pacific shore) and nearness between Major ports and airports.
      • To facilitate trade flows with other world markets by promoting Free Trade Agreements i.e. FTA with US, Chile, forthcoming FTA with EU.
      • Specific provisions in FTA´s with regard to custom administration, trade facilitation and cooperation.
    • 18. CHALLENGES
      • Promote air service liberalization. Increasing willingness in Latin America (LA) to enter into cargo “Open Skies” agreements under reciprocity criteria.
      • Improvement and expansion of private facilities for air cargo transport management by reducing state interference. To encourage competition and innovation.
      • Training of government officials, phasing out trade barriers, unnecessary procedures and eradicate corruption.
    • 19. CONCLUSIONS
      • Despite economic downturn there are promising perspectives on air cargo transport development in Latin America.
      • Peru and other LA countries are fully inserted in global trade. Peru´s economy is becoming healthier.
      • Exports boost has reached historic records and several products (perishables, cloths) substantially rely on air cargo transport.
      • Better logistic infrastructure has encouraged reforms i.e. airport privatization and custom practices commitments.

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