Filipino firms invited to invest in Peru
The Philippine Exporters Confederation (Philexport) has encouraged Filipino firms to explore the idea of investing in Peru, specifically in the South American country’s core sectors such as mining, manufacturing and tourism.
The idea has been brought up the APEC Business Advisory Council (ABAC). APEC, the Asia-Pacific Economic Cooperation, is a regional bloc among whose members are Peru and other South American countries, as well as the US, the Philippines and other Asia-Pacific nations.
Enrique Gubbins, co-chairman of ABAC and also chairman of the board of Sudamericana de Fibras, a producer of acrylic fibers, said Peru offers a huge platform of investment opportunities in mining, fisheries, agribusiness, manufacturing, tourism, infrastructure and retail.
The two sectors that are most appealing for foreign investment seem to be mining and manufacturing. Peru’s mining sector has great potential as only 20 per cent of the existing mineral stock, including minerals such as gold, zinc, tin, lead and copper, has been explored.
As for Peru’s manufacturing industry, it would also be an opportunity for investors due to its strategic location, high-quality raw materials, access to energy resources and a network of free trade agreements, the business council argued.
“The Peruvian industry has grown and diversified in a context of low tariffs… The value of manufacturing GDP increases as the average tariff falls. Our manufacturing sector has grown in a context of lower tariffs,” Gubbins said.
“From 1995 to 2012, exports grew a total of 890 per cent and imports at 525 per cent. This presents the outstanding performance of our trade flows. During the last 10 years, we had an average yearly growth of more than 20 per cent,” he added.
Peru’s economy has been growing at 6 per cent in 2012 and is expected to keep the pace in the years to come.
[caption id="attachment_7001" align="alignleft" width="300"] Mining in Peru presents good prospects for potential investors[/caption] The Philippine Exporters Confederation (Philexport) has encouraged Filipino firms to explore the idea of investing in Peru, specifically in the South American country's core sectors such as mining, manufacturing and tourism. The idea has been brought up the APEC Business Advisory Council (ABAC). APEC, the Asia-Pacific Economic Cooperation, is a regional bloc among whose members are Peru and other South American countries, as well as the US, the Philippines and other Asia-Pacific nations. Enrique Gubbins, co-chairman of ABAC and also chairman of the board of Sudamericana de...
The Philippine Exporters Confederation (Philexport) has encouraged Filipino firms to explore the idea of investing in Peru, specifically in the South American country’s core sectors such as mining, manufacturing and tourism.
The idea has been brought up the APEC Business Advisory Council (ABAC). APEC, the Asia-Pacific Economic Cooperation, is a regional bloc among whose members are Peru and other South American countries, as well as the US, the Philippines and other Asia-Pacific nations.
Enrique Gubbins, co-chairman of ABAC and also chairman of the board of Sudamericana de Fibras, a producer of acrylic fibers, said Peru offers a huge platform of investment opportunities in mining, fisheries, agribusiness, manufacturing, tourism, infrastructure and retail.
The two sectors that are most appealing for foreign investment seem to be mining and manufacturing. Peru’s mining sector has great potential as only 20 per cent of the existing mineral stock, including minerals such as gold, zinc, tin, lead and copper, has been explored.
As for Peru’s manufacturing industry, it would also be an opportunity for investors due to its strategic location, high-quality raw materials, access to energy resources and a network of free trade agreements, the business council argued.
“The Peruvian industry has grown and diversified in a context of low tariffs… The value of manufacturing GDP increases as the average tariff falls. Our manufacturing sector has grown in a context of lower tariffs,” Gubbins said.
“From 1995 to 2012, exports grew a total of 890 per cent and imports at 525 per cent. This presents the outstanding performance of our trade flows. During the last 10 years, we had an average yearly growth of more than 20 per cent,” he added.
Peru’s economy has been growing at 6 per cent in 2012 and is expected to keep the pace in the years to come.
