The main objective of the Government of Peru is to reactivate its economy and regain the confidence of foreign investors, for which it seeks to enhance the business opportunities presented by the country’s strategic sectors.

This was done by the Minister of Economy and Finance of Peru, Alex Contreras, in a bilateral business meeting held at the CEOE headquarters in which he addressed Spanish companies to highlight investment opportunities in the country and in the Andean Community of Nations (CAN).

“New times are blowing for Peru, in which actions and not just words prevail,” Contreras defended. For the economic head of the Government, Spain is a long-term strategic partner for Peru and has assured that the Andean country will be 100%  ready to support foreign investments.

In this context, the minister has announced that the framework of regulatory stability and legal certainty will be reinforced, that progress will be made in the fight against informality and that there will be a commitment to closeness with the investor.

The event was held within the framework of the activities promoted by CAF in Spain with strategic allies, to generate meeting spaces between relevant actors in the bi-regional relationship. This event served to present the country that chairs the board of CAF and the Andean Community of Nations (CAN), where the presence of Spanish companies has been and is of great relevance for its development.

Infrastructure and development projects in Peru

Along these lines, the minister has highlighted the reforms that are going to be carried out and that will make the country more efficient. In the field of infrastructure, the aim is to improve the physical, digital, social and connectivity infrastructure.

In turn, he has referred to the need to strengthen the agri-food and mining sectors, massify the gas network, relaunch a proactive agenda for the Amazon or reindustrialize the country. “All this implies more logistics, more projects and more investment,” he stressed.

To attract more Spanish companies, the president of the CEOE, Antonio Garamendi, has pointed out that, although the results of business cooperation in recent years “have been clear”, it is necessary to advance in the negotiations of the agreement to avoid double taxation between both countries.

In his opinion, this agreement is “essential” to intensify investments by Spanish companies in Peru and from which both the public and private sectors would benefit.

Furthermore, the president of the employers’ association recalled that there are other aspects that businessmen greatly value when investing, such as legal certainty, access to financing or less bureaucracy associated with public tenders.

Source: dpa

(Referential image source: David Mudarra, Europa Press / dpa)

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Turkey is now a member of the ACN as an observer. The status was recently granted to him, and welcomed by his representatives, who have indicated that the decision will allow expanding cooperation with the countries of the region.

“Within the scope of our developing relations with the Latin American and Caribbean region, we continue our efforts to strengthen our cooperation with the countries of the region in multilateral platforms and institutionalize our relations with regional entities for this purpose,” he said in a statement picked up by the Anatolia news agency.

The Turkish Foreign Ministry has also explained that the ACN initiative, whose ‘pro tempore’ presidency is currently held by Peru since last August 30, will allow “deepen and diversify” economic and trade relations with the region.

The secretary general of the Andean Community (CAN in Spanish), Jorge Hernando Pedraza, announced this decision last Friday after a meeting was held on August 29 between the foreign ministers who are members of the alliance.

“This decision will contribute to the strengthening of reciprocal relations and the intensification of ACN-Republic of Turkey mutual cooperation, even more so in the current circumstances, in which the world and our region require more integration,” he said in a statement.

Turkey thus becomes the third observer country after the body, made up of Bolivia, Colombia, Ecuador and Peru, decided in July 2020 to grant this same status to Morocco. It must be remembered that Spain has been an observer since 2011.

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Source: dpa

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