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July 26, 2006 6:08:57 | in General

Doing Business in (and with) Peru

Living in Peru is, undoubtedly, about learning something new each day about the Peruvian culture, how do they face their daily problems and struggles, but also about how the joy of being Peruvians is celebrated and the joy of life itself. For Americans who have been living in Peru for quite some time, it is particularly clear that the stay in a Latin-American country with such a mix of cultures like Peru, is an unforgettable experience. One to remember, and from which one can learn how to view things in a much broader scope.

Did you know However, Peru has a lot more to offer and which can promote not only its own economic growth, but also, generate many business opportunities from which Peru’s partners can benefit from.

As you know, the United States – Peru trade and investment relation has been growing deeper throughout the years. Not only it is about the nearly US$13 billions that American companies have invested in net assets to date –which turns the U.S. in the main investor in Peru-, but also due to the increasing trade flows –which reached US$7,400 millions in total during 2005- that have growth 116% since 2001. Exports to the U.S. have certainly been responsible for the most part of that increase in the trade flows. Mainly due to the Andean Trade Preferences Drug Eradication Act (ATPDEA), an unilateral tariff liberalization program that is granting tariff-free access to Peruvian products into the American market since 2002. Moreover, Peruvian exports to the U.S. have been increasingly diversifying through the years, thus, representing a big opportunity for many sectors of the economy.

Peru: Many opportunities and many tasks too

Amcham Hence, through this new section at Livinginperu.com, in partnership with the American Chamber of Commerce of Peru (AmCham Peru), we want to be a source of reference for those seeking some business opportunities in Peru. Whether you are looking to get some info about trends in a specific market, identify Peruvian products that can be AmCham Infocenterexported to the U.S., get a better understanding of the business climate in Peru and what needs to be done to improve it, or simply gain some more knowledge about how to sell your products –either American or not- in the Peruvian market, this section will be for you.

Each week we will bring you a new story in which you’ll find answers for those inquiries but also, you’ll get the chance to ask for further info to AmCham Peru’s staff. Also, if you need more specific assistance on how to do business with the U.S. from Peru, you may contact AmCham’s InfoCenter - Information and Commercial Promotion Department. Our purpose is to go beyond the cultural exchange between the United States and Peru that Americans living in Peru already experience, but also to foster the trade and investment relations between both countries, bringing opportunities to improve the welfare of both Americans and Peruvians. We hope you find this section useful and that you enjoy it too. Until next week!!

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