The Trade Investment in Lima, Peru Brings in More Investors Today Than Ever Before
When the thought of investment comes to mind, people immediately think of having a business establishment in another country. However, the exportation and importation of products and services are other ways to invest which bring in a good return on investment. Peru’s economy has a very fast-growing economy, and compared to other economies in the world, it is one of the quickest. The middle class is growing, there are dynamic GDP rates that support growth, prevents debt and low inflation. The Port of Callao’s location is strategically in the heart of Peru, beside Lima, and there are a couple of free trade agreements. Peru has become a portal for businesses to export and import their products that takes over the market. The trade investment in Lima, Peru has definitely grown positively.
Peru is a significant country when it comes to international trade and the trade advantages the country offers are:
- 21 agreements of Free Trade
- Increasing middle-class population
- Good geographic location
- They have a coastline of the Pacific Ocean
- Beautiful rainforest
- Various flora and fauna to enjoy
- Exciting mountains and highlands to explore
- The country is very rich in mineral resources
- Stable connectivity
- They modernize the infrastructures
Peru is strategically located and there is diversity, which is an excellent opportunity that foreigners can consider when they are thinking of investing in a Latin American country.
Exporting Products From Peru is a Wise Move
Peru’s location is very strategic, Lima is a solid capital city, there are natural resources, characteristics are diverse, and has different climates making it a perfect country to export products. The main products to export are from the agricultural industry which are avocados, asparagus, quinoa, mandarins, cocoa, and olives. They are also popular for Peruvian coffee. It makes them among the main produces of coffee worldwide. The top flagship products from Peru are popular.
Aside from that, Peru has various superfoods to export like mangoes, blueberries, and quinoa. The western countries are into buying these products because of the growing health trend making them ideal products for exportation. Peru is also known for the variety of minerals resources found there such as copper, zinc, and gold, which offer the international mining businesses profitable investment opportunities. Moreover, they also have other export opportunities from other industries namely fishing and clothing. Today, Peru exports approximately $39 billion and are steadily increasing with an average of 7.6% in annual growth. They mainly export to China and the USA.
Products Importation to Peru
The imports increase yearly, so international companies have an opportunity to sell their products in a new and improving market. The most significant right now is crude and refined petroleum, and also chemicals. The middle-class and their buying capacity has grown recently. This consistent growth in the past years opens new opportunities that foreign companies can take advantage of. They have been importing cars, technology equipment and computers because of the high importance they gained. Aside from that, there is a growing concern for health which gives import possibilities to international companies selling pharmaceuticals to the people in Peru. Currently, Peru has worked with the USA and China as its main import partners, but imports from South America are increasing.
How to Succeed as an Importer and Exporter in Peru
In terms of the global trade report in 2016 after the World Economic Forum, the ranking of Peru was number 54. Although, they still need to follow a lot of requirements when they want to import or export to Peru. For instance, different taxes and factors apply depending on what product they will export or import. Regarding the importation of cosmetics or pharmaceuticals, the products have to be DIGIMED registered, which is part of the Ministry of Health. In addition, there is a sanitary registry they need to obtain prior to the exportation of these products. The general law in Peru does not need a local agent for this but a trade lawyer is needed to help fulfil and facilitate the process.
Hiring a local company for their services to assist you through the process of importation and exportation is recommended. The opportunities for trade investment in Lima, Peru should be taken advantage of, and if you have an idea, start the process right away.