Trade negotiations, which have benefited from rigorous macroeconomic management and its consequent stability, have allowed the Peruvian economy to gradually tackle and reduce its external vulnerability in times of crisis. In recent years, Peru has negotiated Free Trade Agreements (FTA) with large and medium-sized markets.
Nearly 95% of Peru’s exports are covered by Free Trade Agreements (FTAs) currently in force. This enables Peruvian products to enter, subject to the rules of origin of each trade agreement, under preferential conditions to 53 countries, including Canada, Chile, China, the member countries of the European Union, Japan, Singapore, South Korea, Thailand and the United States, among others.
This market openness and the trade agreements that Peru has signed have permitted an increase in the number of exported products and exporting companies, particularly in non-traditional exports.
It is important to note that Peru is a founding member of the World Trade Organization (WTO) and a full member of the Asia-Pacific Economic Cooperation Forum (APEC), formed by 21 economies. In the Latin American region, Peru is a member of the Andean Community (Bolivia, Colombia, Ecuador, Peru) and, within the framework of the Latin American Integration Association (ALADI), Peru entered an Economic Complementation Agreement with MERCOSUR.
In Peru, there are opportunities for products in the food and beverage sector as well as textiles, manufacturing, fishery, information, technology, logistics, among others.
Taxes levied on imports shall depend in accordance with the classification of the Customs Tariff, and shall be established according to the information provided by the importer (invoices and other complementary information) or according to the physical inspection made by the Customs officer at the moment of clearance.
Taxes applicable to import are:
- Ad Valorem Tariff (rates of 0%, 6% and 11%, as appropriate)
- General Sales Tax (16%)
- Municipal Promotion Tax (2%)
- The following taxes could be applicable additionally and as appropriate:
- Selective Consumption Tax
- Specific Duties
- Provisional corrective Ad Valorem duties
- Anti-dumping and countervailing duties
- Domestic value added tax Pre-payment
Click here for more information on the tariff treatment applicable to goods:
According to PeruRetail, today consumers are looking for healthy food and beverage options in the market. This includes products with less sugar, foods that provide energy and help reduce stress day by day, juices and flavored waters based on fruits and vegetables, among others.
The Peruvian textile sector has the characteristics of a full package industry worldwide:
- Vertical integration from the supply of raw materials to the final product.
- Highly qualified personnel throughout the value chain.
- Supported by a regulatory environment that facilitates business, framed in trade agreements with countries and economic blocs: The United States, China, Canada, the European Union and others.
- Optimal delivery times, price according to the market and compliance with internationally required standards.
- Luxury fibers in great demand in the world: alpaca and cotton.
Proinversión’s project portfolio aroused the interest of an increasing number of investors, motivated by the good business opportunities existing throughout the country. Within its 21 years of existence, Proinversión has carried out processes representing millions of dollars for investment.
Current projects portfolio:
Is the most important fair of food and beverage in Latin America, being the platform of business used as a meeting point for the key operators of distribution, retail, and specialized channel in the national and international market.
- PERU MODA
It is an event for the international market featuring the best of the Peruvian fashion and manufacturing industries. The primary goal is to promote contacts and business between the Peruvian producers and suppliers with importing companies from the five continents.
It is positioned as an event especially designed to showcase the capabilities of Peru in clothing, footwear, accessories, and jewelry.
- MINING PERU
Mining Peru Congress and Exhibition is the only international professional platform for top-level networking of key mining enterprises, regulatory authorities, government, technology and equipment suppliers, and investors across Latin America, the US, Canada, and Europe.
- PERU TRAVEL MART
Peru Travel Mart is a strictly professional yearly event held in Peru since 1987. Participating businesspersons from outbound markets for priority tourism are tour operators and wholesalers interested in trading and in increasing their tourist offer of Peru.
The exhibiting companies represent Hotels, Tour Operators, Airlines, Cruises, Restaurants, Tourism Transport, and other company involved in promoting tourism in Peru. All these entrepreneurs are managers and senior executives ready for decision making and commitments in trading.
- EXPO CAFE PERU
Expo Cafe Peru is the largest commercial platform in the coffee industry in Peru. It brings together the different members of the value chain in order to promote and position their services and products, as well as expand its network of business contacts.
This event brings together suppliers and experts in security, defense and disaster prevention, with official delegations, operational users, purchasing managers, research offices, researchers, investors, politicians and the media, to witness the constant evolution of technology globally.
It contributes to the modernization of the Armed Forces, Civil Defense, and National Police of Peru, with the latest advances in security, technology, cybersecurity, and disaster prevention, reinforcing the acquisition and negotiation processes.