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Peru posts record exports totaling $3 billion in June

Total Peruvian exports rose to $3 billion in June, a new monthly record and 22.7 percent higher compared to the same month last year, indicated today the Peruvian Exporters Association (Adex).

With this rise, exports have increased 28.8 percent between January and June, according to customs’ preliminary reports, which register a recovery of exports during the first half of the year.

“Hence, Peru's exports could total 32 billion dollars this year”, estimated Adex.

It is also expected that the growth of the non-traditional sector, with 27.4 percent, will register a higher growth than the traditional one, with 21.5 percent.

Traditional exports are expected to amount to $2.32 billion in June, while Non-Traditional $673 million.

Within the traditional sector, the sub-sectors with higher growth in June are traditional agro (95.5 percent) and oil (82.4 percent), while the rest of traditional sub-sectors such as mining and fishing are estimated to have registered a moderate growth of 13 percent.

News source: ANDINA

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# Jet says :
July 23, 2008 [ 21:44 ]

This is precisely why we have hope of a great future. Problems are not solved over night. Things are not "perfect" in Peru. Now Peru has a way out of poverty, but only if it continues to develop as a nation, and continue the road of growth, which in turn will allow the government to help the rest of the country which is still under-developed. Hopefully the Peruvians who know the whole story about the current WORLDWIDE inflation problems will talk to their fellow countrymen and inform them that their President is not to blame for the problem of inflation, but that even the richest countries in the world are going thru the same thing. Under the current economic model and system of government illiteracy has almost elliminated, unemployment is dropping, education is improving, business is booming, exports are booming, foreign debt is being payed off way ahead of time, and internal infrastructure is being expanded.
By all creadible predictions by financial analysts and world economists, Peru will be able to pull out of poverty if it just continues on the current path.  It would be truely sad if the people of Peru were to fall for the delusions of the leftists propagandists who are trying to destroy the current government out of rage because they lost the last election and are going thruoght the country inciting riots and protests, when they know very well that the rise in commodity prices which they are using as an excuse to incite people to riot has nothing to do with the current president or government.  Unfortunately, the people they propagandize to aren't aware of everything going on in the rest of the world and easily fall for the propaganda, and then blame Garcia for fuel and food staple price increase.  This is why it is so important that the people in Peru who do realise these things communicate this to the rest of the people.  Before it's too late and the propagandists do so much damage so as to destroy what has been acheived.

# Martin says :
July 24, 2008 [ 12:12 ]

Jet - well said!

# Romano says :
July 25, 2008 [ 2:41 ]

Hey Guys,

Calm down a little bit. Don't forget that there is a mass of people out there who don't have access to safe water/electricity/education or even a decent meal at night. For them, we should use less thriumphalistic tones (remember Bush's words about "Mission Accomplished in Iraq"???) and be more pragmatic.
Yes, we are doing right with businesses and investments. But we (not just the "companero" Garcia) need to do the right things too for the poor.


Romano

# Jet says :
July 25, 2008 [ 5:02 ]

Romano - No where in what I posted did I say anything "triumphalistic", rather I'm bringing up all sides of the issue. There is no need to remind me or anyone else living in Peru that there are people that don't have access to safe water, electricity, education or even a decent meal.

Within the next year 700'000 people will have access to safe water that currently don't.
Within the next 2 years, 1.2 million more Peruvians will have access to electricity at affordable rates that currently don't because of Camisea and the hydro projects that will triple Peru's electrical output.
Education - illiteracy is now down to 7.1% and according to Unesco, by 2012 it will be below 5% !
These issues ARE being dealt with.
The Garcia administration in conjunction with the minister of finance have just put forth an anti-poverty programme that has recieved so much recongnition that members of the Financial board of APEC have said that the plan is so impressive it should even be implemented in other countries!
So as far as "need to do the right things too" goes.... that is precisely what is being done.  But there is no magic wand. Before you can afford massive social programmes aimed at poverty, you must first have the capital to institute those programmes. And that is precisely what is being done in Peru.
Peru already tried the opposite, which is institute massive social programes first, without the money to pay for those programmes, and then borrow from the IMF or the World Bank until the country is so in debt that it can't even afford to make the payments on the interest!  Sorry but that just doesn't work.  And by all accounts of every creadible economist in the world, it was pricesly that type of policy that caused the collapse of the economies of so many Latin American countries back in the 80's and 90's.
Now Peru is creating a huge market for itself all over the world, and aggresively paying off it's foreign debt.

And >THIS< is what has allowed for so much progress to have been made in the past 12 years. 

When a country is so deep in a hole, like Peru was by the time Fujimori was elected, there is no way you can dig the country out of the economic black whole, and at the same time eliminate povery without creating huge welfare systems that cannot be sustained economically.
It's a very tough call to make and very difficult road to walk, but the only chance of real progress and of a solid foundation to be laid for pulling an entire nation out of poverty is by first transforming that country economically.  Stopping the bleeding which is caused by foreign debt which consumes all of the countries available GDP and leaves nothing for the very programmes that are supposed to help the poor.
Peru now has that solid base, and progress is being made.  But this is not an instant process. There is no magic wand.  Neither fujimori, nor Toledo, nor Garcia can suddenly provide food, electricity, education, clean drinking water for the entire country with a paint brush.
All of these issues ARE being worked on and progress is being made.  But understand, that Peru is only NOW in a situation where it can start addressing these issues.  All of the tremendous economic growth of Peru in the past decade has served to pull Peru out of an economic black hole, but when a country was as deep in debt and economic chaos as Peru was before Fujimori, even with tremendous economic turn around, it will take AT LEAST a decade for the country to be in any situation to start tackling things such as extreme poverty etc. And unfortunately during that period or requierd growth, the poor will continue being poor, until a point is reached where the country has established enough finacial stability and payed off enough of its foreign debt to where there is enough GDP surplus left over to continue the growth as well as pay for social development programmes.  This is just a reality.  Peru is not unique in this sense.  Please study other countries that were in similar situations as Peru, and how long it took them under good economic policy to start dealing with most economically challenged people of their country, (Chile, South Korea).
  It has nothing to do with people not realising there are still poor out there, or not caring about them, or not wanting to do anything.  Everything happens in a process, and we clearly see that Peru is just NOW at the point to tackle these social issues.

  Did I or Martin say "mission accomplished" ?  Did I or Martin suggest in ANY WAY that there are no longer hungry, illiterate, uneducated, in Peru?  To all of the above, NO, we did not.  If not, please show me where I or Martin said or even suggested that all Peruvians currently have access to safe water/electricity/education or a decent meal.

Here is a quote from what I said > "but only if it continues to develop as a nation, and continue the road of growth, which in turn will allow the government to help the rest of the country which is still under-developed" <
There is nothing triumphalistic about that statement. Quite the contrary, it is recongnising that much of the country has yet to see substancial benefit, and that more progress is needed.

One thing is being triumphalistic and quite another is recognizing progress that is being made.

Please don't confuse the two. They are very different things.

# PurpleD says :
July 25, 2008 [ 10:13 ]

I totally agree with you Jet!

# peloflex says :
July 25, 2008 [ 11:18 ]

Romano,

You are doing exactly what Jet is suggesting people in Peru should NOT be doing at this point in time.

It's time to be patiente and keep focused, the current situation represents a battle between a malign tumor and chemotherapy... it could go reverse and ruin it all we have achieved so far and guess what? all the current starvation which should end gradually if we keep the same attitude, would be in vain...  lefters and radicals will then take over and will try to give whatever is left to the poor, so in five more years Peru would go back to the 70's... the time when that A-hole Velasco shot our country down trying to save the poor...

Opportunity is raising at a great  pace, it is also up to the people to look for it and grab it. It's time for them to stop whinning, I know my own people... they love to whine and complain... they love throwing stones and braking windows and burning tires... THAT IS DEFINITELY NOT THE RIGHT ATTITUDE! THAT IS NOT WHAT THE WORLD NEEDS TO SEE OF OUR COUNTRY.

If we are fortunate enought to have all or most of our basic needs covered, we should pass the word around to those who don't, burning tires and blocking the path to turism and progress WILL NOT help. IT will do the exact opposite.

In the other hand, I WISH and I REALLY DO! things continue to improve in all aspects. I wish the companeros from APRA, stop corruption starting with their own acts, I know this really don't help right now, because it cranks up the anger of people and this is best used for the angry lefters opposition to get their votes up. that's all I have to say for now, thank you for reading!

Que VIva El PERU!!!

Peloflo

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