Peru’s Minister of Economy and Finance, José Arista, indicated this week that the country could close 2024 with 4 % economic growth and a Gross Domestic Product of 3.2 %.

The projection is based on the growth, although uneven, of other sectors, such as “fishing, agriculture, mining and construction, whose progress will stand out in the last quarter of the year.”

The minister has underlined the confidence of the authorities towards the positive performance of the national economy as a whole for 2025 and noted that in 2024 business expectations changed for the better. “Before, the investment rate was negative and this 2024 it would grow 2 %.”

“For next year we think it will increase by more than 5 %, that is, about US$ 50,000 million of private investment,” he said.

M.Pino

Source: americaeconomia

(Reference image source: Peter Wendt on Unsplash)

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La entrada Peru expects to close 2024 with 4 % economic growth apareció primero en Bitfinance.

The Minister of Economy of Peru, José Arista, declared this Tuesday that the country hopes to sign a double taxation agreement with China by the end of the year.

According to the official of the South American nation, this agreement will also seek to open the Chinese market for Peruvian meat and agricultural products, taking into account that there is already a Free Trade Agreement between both countries.

Arista indicated that both China and Peru are in the final steps of these negotiations that will provide the Andean country with advantages in terms of institutional stability and norms. “There is also Peru’s recognition of China as a market economy. And, thirdly, we will be signing a double taxation agreement with China, whose negotiations should be completed by the end of this year,” Arista added.

The minister is planning a trip to China from June 23 to 30 with the President of the Republic, Dina Boluarte, and the Minister of Agrarian Development and Irrigation, Ángel Manero. The visit “will seek the possibility of exporting Peruvian meat and agricultural products to the Chinese market.”

Faced with external markets, with highly demanding standards, Peru must seek to position itself at the same level, according to Arista, with a view to meeting international demands.

M.Pino

Source: americaeconomía

(Reference image source: Unsplash+, in collaboration with Getty Images)

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La entrada Peru and China refine details for signing double taxation agreement apareció primero en Bitfinance.

The Minister of Economy and Finance of Peru, José Arista, indicated on Friday, June 14, that the country’s Gross Domestic Product (GDP) grew 4 % in April and May.

According to the official, the measures implemented by the government have contributed to economic reactivation.

“To get out of the recession that was experienced in 2023, the Ministry of Economy and Finance (MEF) is implementing measures to reactivate the economy, through the promotion of public and private investment, simplifying procedures and unblocking bottlenecks, thus generating confidence in investors,” said Arista.

These initiatives are aimed at “reactivating the economy and generating conditions for sustained growth at higher rates.”

He highlighted that in the first quarter of the year, they managed to emerge from a strong recession. The 4 % growth achieved in April and May consolidates “the growth goal of 3.1 % for 2024 and what we want is to enhance that, make our projections robust, so that we do not fall in the second semester. That is why we propose many measures that allow us to make this reactivation sustainable,” the minister stressed.

M.Pino

Source: americaeconomia

(Reference image source: Jhordy Rojas in Unsplash)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada Peru achieved economic growth of 4 % in April and May apareció primero en Bitfinance.