Ambassador of Peru highlights to the US private sector the resilience of Peruvian economy and opportunities for investment

Ambassador of Peru to the United States, Gustavo Meza-Cuadra, underscored yesterday, during a special reception in his honor from the Americas Society / Council of the Americas (AS/COA), that despite a complex international and internal challenges in recent months the Peruvian economy has shown a resilience that attracts the attention of several analysts around the world, who recognize in it key factors that guarantee the stability for investments. 

Ambassador Meza-Cuadra affirmed that these strengths are largely sustained by Peru's deep commercial ties with partners such as the United States, with which it has a FTA that fostered bilateral trade to nearly tripled, reaching around USD 22 billion. He pointed out that the economic bilateral relationship is also based on shared values and interests such as the promotion and defense of democracy, the rule of law, human rights, promotion of social inclusion, the protection of the environment, and the fight against organized crime, among others.

“This year it is estimated that the Peruvian economy will grow at a rate of around 2,5%, higher than the regional average. The sol is the most stable currency and we have the second best credit rating”, Ambassador Meza-Cuadra pointed out to a large group of executives of US companies with investments in Peru in several sectors such as mining, infrastructure, energy, communications, health, among others.  

The Ambassador of Peru underscored that, despite the large amount of US investments in the Peruvian economy, the country’s growth potential is much higher. He emphasized  the urgent need to increase private investment, particularly in infrastructure, in order to boost the economy and employment, and resume poverty reduction. “We encourage you to continue trusting and investing in Peru. The government is doing its part, with significant investment to reactivate the economy and face the emergency caused by the intense rains in the north, which totals up to US$ 3.3 billion”, he affirmed. 

He finally highlighted that the US government economic initiatives in the region offer also a good opportunity to strengthen the ties between both countries. “Likewise, the fact that APEC is taking place this year in the US and next year in Peru is a positive coincidence that we can take advantage of, as well as our aim to accede to the OECD, which demonstrates our commitment to sound public policies oriented to growth and stability”, he affirmed.