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Peru on todays world stage Coherent and responsible macroeconomic policies Coherent and responsible macroeconomic policies Making the most of trade liberalization.

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Presentation on theme: "Peru on todays world stage Coherent and responsible macroeconomic policies Coherent and responsible macroeconomic policies Making the most of trade liberalization."— Presentation transcript:

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2 Peru on todays world stage Coherent and responsible macroeconomic policies Coherent and responsible macroeconomic policies Making the most of trade liberalization Making the most of trade liberalization Export growth and diversification Export growth and diversification Foreign investment growth Foreign investment growth Development with social inclusion Development with social inclusion

3 Number of positions Peru improved in the last 5 years in the WEF Global Competitive Ranking 25 POSITIONS Ranked 61 in the Report Perus GDP increased during the period 6% ANNUALLY 6.3% GDP growth in 2012 Perus dynamic and competitive economy has continued to grow despite the international financial crisis

4 During the 2000–2005 period, we doubled our exports By 2016 Peru expects to double its exports, triple its non traditional exports and double the number of exporting companies Good prospects for Peruvian exports (USD$ millions)

5 5,000 by 2016 US$ 23,000 MM by ,600 by 2016 USD$ 2,730 by 2016 US$ 11,058 MM Non traditional exports US$ 11,058 MM Non traditional exports 4,719 Exported tariff items 4,719 Exported tariff items US$ 1,478 Exports per capita US$ 1,478 Exports per capita 8,144 Exporting companies 8,144 Exporting companies Source: SUNAT

6 In force Coming into force In negotiation Trans-Pacific Partnership Agreement Pacific Alliance Under consideration Perus network of trade agreements

7 7 94% of Peruvian exports are destined to markets with preferential market access Peruvian Exports by markets with Trade Agreements (% of Peruvian exports)

8 Why Invest in Peru? 1.Internationally-recognized macroeconomic strength 2.Favorable invesment climate 3.Integrated trade policy – market access

9 PeruChileArgentinaMexicoBrazil 2013 Ease of Doing Business Starting a Business Dealing with Construction Permits Registering Property Trading Across Borders Protecting Investors Peru is at the forefront of the Doing Business climate ranking in relation to other countries in Latin America In 2012, Peru reached position 43 in the worldwide ease of doing business ranking. Source: Doing Business 2013, World Bank. Ranking of 185 countries worldwide and 33 in Latin American and Caribbean region

10 TRADE RELATIONS

11 Peru exported over USD$ 400 million to Scandinavia in Source: SUNAT (USD $ Millions)

12 Peru exported over USD$ 8,050 million to the EU in 2012 Source: SUNAT (USD $ Millions)

13 Peru exported over USD$ 5,100 million to EFTA countries in 2012 Source: SUNAT (USD $ Millions)

14 Our Trade Exchange with Denmark has grown 33% in the last two years 14 Source: SUNAT (USD $ Millions)

15 Our Trade Exchange with Norway grew 89% during the period 15 Source: SUNAT (USD $ Millions)

16 Our Trade Exchange with Sweden is the strongest and most stable in Scandinavia 16 Source: SUNAT (USD $ Millions)

17 Our Trade Exchange with Poland has more than doubled since Source: SUNAT (USD $ Millions)

18 Foreign Direct Investment from Denmark to Peru 18 *Up to june 2013 Source: PROINVERSION FDI Stock from Denmark to Peru, by sector (%), 2013*

19 Foreign Direct Investment from Sweden to Peru 19 *Up to june 2013 Source: PROINVERSION FDI Stock from Sweden to Peru, by sector (%), 2013*

20 FREE TRADE AGREEMENT EUROPEAN UNION - PERU

21 What did both Parties gain? PREFERENTIAL ACCESS TO THE EUROPEAN AND PERUVIAN MARKETS INCREASES and DIVERSIFIES exports. ELIMINATES trade distortions. Strengthens COMPETITIVENESS and PRODUCTIVITY. Strengthens the POLITICAL and ECONOMIC STABILITY while attracting investment. Promotes LEGAL CERTAINTY.

22 Macroeconomic Indicators Source: WEO, IMF-IFS,UNCTAD, MEF, BCRP, INEI

23 Macroeconomic Indicators Source: WEO, IMF-IFS,UNCTAD, MEF, BCRP, INEI

24 Macroeconomic Indicators Source: WEO, IMF-IFS,UNCTAD, MEF, BCRP, INEI

25 Macroeconomic Indicators Source: WEO, IMF-IFS,UNCTAD, MEF, BCRP, INEI

26 Market access Trade remedies Rules of origin Customs and Trade Facilitation Technical barriers to trade Sanitary and phytosanitary measures Investment Trade in services Government procurement Intellectual property Competition policy Dispute settlement Trade and sustainable development COVERED DISCIPLINES

27 The Agreement applies to ALL TRADED GOODS. EU gives INSTANT access to 100% of Peru's exports of non-agricultural goods. EU gives INSTANT access to 75.9% of Peru's exports of agricultural goods (89.8% agricultural tariff lines). Peru gives INSTANT access to XXX% of the EUs exports. Peruvian products with export potential: trout, squid, canned tuna, plastic products, wood, jewelry, asparagus, avocados, guavas, mangoes, artichokes, piquillo peppers, etc. Market Access

28 ProductsFTA EU-Peru MFN tariff applied to third parties Fresh or frozen asparagus0%10.20% Canned asparagus0%17.60% Avocado0%5.10% Canned peppers0%6.5% Textile and apparel0%12% Fisheries products0%26% Quinoa0% 37/tm Paprika0%5% Potatoes0%14.40% Shoes0%8% Handicrafts0%4% Fine hair apparel0%12% Canned squid0%20% Canned trout 0%7% Scallops0%8% IMPORT OPPORTUNITIES FOR EU TRADERS

29 They guarantee that the products comply with the requirements to access the agreements tariff preferences. Rules of Origin under the Agreement follow the EU standards, including the EUR.1 certificate of origin. Accumulation of origin with several Latin American countries. Rules of Origin

30 They guarantee that the products comply with the requirements to access the agreements tariff preferences. Rules of Origin under the Agreement follow the EFTA standards, including the EUR.1 certificate of origin. Simplest and most straightforward rules ever agreed in a Peruvian FTA. Rules of Origin

31 Proper, stable and predictable legal framework for investment promotion: injecting dynamism into the economy, increased tax revenue, increased jobs and technology transfer. Significant services commitments in business, telecommunications, construction, distribution and financial services. Peru = services platform in the region: software development, data processing, call centers, consulting, etc. National Treatment: service providers of a Party shall be given treatment no less favorable than their domestic suppliers. Market Access: prevents the Parties from applying provisions restricting access for service providers – promoting competition for the consumers benefit. Services and Investment

32 Opportunities for EU companies at all levels of government in Peru. Market of more than XXX million dollars. Opportunities for Peruvian companies in the EU market, at all levels of government of the 28 countries. Market of more than 1,500 million euros. Participation of SMEs in procurement processes. Possibility of establishing business alliances between Peru and EU suppliers. Sectors including electricity, water, transport, gas, etc. not been achieved before with the EU. Comparative advantage over other service providers in other countries. Potential in areas such as: oil, shipbuilding, mining products, construction of industrial structures, engineering and construction services, professional services, storage, among others. Government Procurement

33 Intellectual Property rights = adequate balance between rights holders and society. Topics of interest for Peru: Cooperation, Technology Transfer and the protection of traditional knowledge and genetic resources. Recognition of the importance and value of biodiversity and traditional knowledge. Reaffirms the right of States over their natural resources, access to genetic resources and fair and equitable sharing of benefits. Mutual recognition of geographical indications. Intellectual Property

34 Environmental and labor provisions Standards for productive employment and decent work - ILO Core Conventions. Rules and multilateral environmental agreements - MEAs Civil Society Participation in a national dimension (national groups or committees on labor and environment) and an international dimension (meetings with civil society organizations convened by the Sub Committee on Trade and Sustainable Development) It recognizes the importance of cooperation to contributes to the implementation and use of the Agreement on these matters. Trade and sustainable development

35 Dispute Settlement Safe, fast and transparent mechanism for STATE – STATE dispute settlement. Stages: Consultation and Arbitral Tribunal It specifies and details the steps, deadlines and procedures.

36 36 Trade Opportunities in Peru

37 Sector Indicators 19.3% average annual growth rate ( ) 1,748 exporting companies in 2012 In 2012 the sector grew 8% in relation to 2011 Agriculture and livestock sector 37 Main Export Destinations 2012 Source: SUNAT (Developed by MINCETUR-OGEE)

38 38 Sector Indicators 19.5% average annual growth rate ( ) 467 exporting companies in 2012 In 2012 the sector dropped 1% in relation to 2011 Fishing Sector Main Export Destinations 2012 Source: SUNAT (Developed by MINCETUR-OGEE)

39 39 Sector Indicators 11.4% average annual growth rate ( ) 2,546 exporting companies in 2012 In 2012 the sector grew 9.4% in relation to 2011 Textil and Apparel Sector Main Export Destinations 2012 Source: SUNAT (Developed by MINCETUR-OGEE)

40 40 Biotrade sector Sector Indicators 17.8% average annual growth rate ( ) 481 exporting companies in 2012 In 2012 the sector dropped -30.9% in relation to 2011 Main Export Destinations 2012 Source: SUNAT (Developed by MINCETUR-OGEE)

41 41 Mining Sector Sector Indicators 21.1% average annual growth rate ( ) 194 exporting companies in 2012 In 2012 the sector dropped -3.9% in relation to 2011 Main Export Destinations 2012 Source: SUNAT (Developed by PROMPERU

42 PERU IS THE IDEAL PLATFORM TO INTRODUCE YOUR PRODUCTS IN LATIN AMERICA AND ASIA, THROUGH OUR NETWORK OF FREE TRADE AGREEMENTS. THIS NETWORK SUPPORTS ECONOMIC STABILITY, GENERATES CERTAINTY IN POLITICAL DECISIONS, AND INTRODUCES CLEAR RULES FOR TRADE AND INVESTMENT. A PRIVILEGED GEOGRAPHIC LOCATION, A LEADING MARITIME PORT IN SOUTH AMERICA, EASY ACCESS TO GLOBAL MARKETS, AND THE BEST AIRPORT IN SOUTH AMERICA ADD UP TO MAKE PERU THE BEST HUB IN THE REGION. Fuente: FMI y SUNAT

43 You are welcome to Peru!


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