Peru’s textile exports may increase by 16 percent, according to Trade Minister

Isabel Guerra

Peru's textile exports may increase by 16% according to Trade MinisterPeru’s Foreign Trade Minister, Martín Pérez, estimates that Peruvian textile exports may grow by 15% or 16% during this year, a figure that surpasses even the entrepreneurs’ expectations, who estimate a 10%.

Pérez also said that, if general exports experience an effective recovery, drawback rates may be reduced from 8% to 6.5% starting in June.

This reduction was approved by the end of 2009 to help exporters face the international financial crisis.

Regarding the drop in the dollar exchange rate, the Minister said that exporters “should get used to this” since the it is expected to continue dropping in the short term due to the stability of Peruvian economy.

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