Doing Business in Peru

The objectives of the subject “International Trade and Business in Peru” are the following:

1. To analyze the Peruvian Economy and Global Trade;
2. To know the business opportunities in Peru;
3. To explore the Peruvian trade relations with the country of the student;
4. To know the Peruvian Trade Agreements;
5. To examine the profile of the Peruvian Companies;
6. To develop a business plan for the Peruvian Market.

The Subject “Foreign Trade and Business in Peru” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Doctorate: American Business, World Trade.

Languages: or Perú Perou Peru.

1. Credits of the subject “Foreign Trade and Business in Peru”: 3 ;
2. Duration: three weeks.

1. Peru and the Latin American Economic Area;
2. Andean Community
   1. The Andean Community has Trade Agreements with the MERCOSUR, Chile, Mexico, India, China, Russia and Panama.
3. APEC;
4. ALADI;
5. Pacific Alliance;
6. UNASUR;
7. SELA;
8. Peru has trade agreements with Chile, MERCOSUR, EU, and the EFTA;
9. Singapore-Peru FTA;
10. U.S.-Peru FTA;
11. Peru-Canada FTA;
12. Japan-Peru FTA;
13. Peru-South Korea FTA;
14. Mexico-Peru Trade Integration Agreement;
15. Panama-Peru FTA;
16. Peru-Honduras FTA;
17. Costa Rica-Peru FTA;
18. Peru-Australia FTA;
19. Peru-China FTA;
20. UK-Ecuador-Peru Free Trade and Economic Integration Agreement;
21. Global System of Trade Preferences;
22. Agreement for Trans-Pacific Partnership;
23. Trade Negotiations Among Developing Countries;
24. MERCOSUR (associate member);
25. SICA (observer country).

1. WTO
   1. GATS;
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Kyoto Convention.
3. BIC;
4. Chicago Convention (ICAO);
5. IMO
   1. Istanbul Convention - not a member.
6. Customs Convention on Containers - not a member.

1. Inter-American Development Bank;
2. OAS;
3. ECLAC;
4. Africa-South America Summit;
5. CELAC
   1. EU-CELAC Summit.
6. East Asia-Latin America Cooperation;
7. Summit South American-Arab Countries.

1. UN
   1. UNCTAD;
   2. ITC;
   3. UNCITRAL;
   4. WIPO.
2. WB;
3. IMF;
4. PEEC.

The Republic of Peru.

1. Peru is located on the western coast of Latin America;
2. The Borders of Peru are Brazil, Bolivia, Chile, Colombia, and Ecuador;
3. The Peruvian capital, Lima (8 million people) is the largest city in the Andean region;
4. The Departments of Peru are Amazonas, Ancash, Apurímac, Arequipa, Ayacucho, Cajamarca, Cusco, Huancavelica, Huanuco, Ica, Junín, La Libertad, Lambayeque, Lima-Provinces, Loreto, Madre de Dios, Moquegua, Pasco, Piura, Puno, Saint Martin, Tacna, Tumbes, and Ucayali) and Callao;
5. Peruvian major languages: Spanish is the official language, while Quechua and Aymara are co-officials;
6. Peruvian Population: 31 million people;
7. Area of Peru: 1,285,216 km². Peru is the third largest country in South America, after Brazil and Argentina;
8. Independence of Peru from Spain in 1821;
9. Abolition of Slavery in Peru: 1854;
10. African Diaspora in Peru: 0.5 million people (2% of the Peruvian population).

Religion in Peru: Christianity (31 million). Catholicism (24 million) and Protestantism

Peru belongs to the Latin American Economic area of the Western Civilization.

Peruvian Economy

1. Peru has strong economic ties with the American and the Asian markets;
2. The economic forecast seems favorable to Peru in the next years, based on the foreign direct investment (mining, industry, communications, and energy), international trade and local consumption;
3. Lima is the economic, financial, and foreign trade centre of Peru;
4. Lima (8.5 million people - Source: INEI), generates 35% of the industrial production and 53% of the Peruvian GDP;
5. Lima is the home of the largest Peruvian and multinational companies;
6. Arequipa is the “city with the highest economic growth in Latin America” (Source: America Economia);
7. The Peruvian agribusiness sector (Food and agricultural production) has grown significantly due to the dynamism in food products exports in the last four years (annual growth of 20%);
8. The Peruvian telecommunications sector is one of the fastest economic growth in Peru;
9. Peru is increasingly oriented toward the Asia-Pacific (APEC and TPP);
10. The Peruvian currency is the Nuevo Sol (PEN).

Peruvian international trade.

1. The Port of Callao is the largest international trade port in the Andean Community;
2. The main Exports of Peru are mining (copper, gold, molybdenum, silver, and zinc: 58% of the Peruvian exports), agriculture, fishing, hydrocarbons products, and manufactures;
3. The Peruvian exports augmented 13% and recorded 31,529 million dollars (3.5 times higher than in 2002).

Foreign direct investment in Peru.

1. Spain, the UK, and the U.S. are the main foreign direct investment (FDI) sources in Peru.

(c) EENI Global Business School (1995-2023)
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