Peru Leads Export Growth in Latin America

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Exports in Peru exceeded the annual 13.8% reported by the region, on average.

The Central Reserve Bank (Banco Central de Reserva, BCR) reported to El Comercio that the value of Peru’s annual exports grew 21.4% in 2017. This translates into an expansion rate higher than that registered by the rest of the main economies of Latin America.

“According to statistics from the World Trade Organization (WTO), this growth exceeded the annual 13.8% reported by the region, on average”, they wrote on Sunday.

After Peru, other countries in the region also showed an increase in the value of their exports. Some of them are Colombia with an 18.9% growth; Brazil with 17.5%; Ecuador with 13.9%; Chile with 125; and Uruguay with 7%.

Also, last week the minister of Foreign Trade and Tourism, Eduardo Ferreyros, said that Peru is now part of the most important trade agreement of the world: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

This will position Peru strategically in Pacific Asia, integrating, mainly, regional and global value chains, as well as acquiring four new business partners, which will also increase the country’s exports.

(Source)
(Cover Photo Pixabay)

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Ermelinda Maglione

Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.