Business Relations Between Peru and Asia

peru trade import export

90% of Peru´s exports are covered by Free Trade Agreements

In the last decade, Peru’s increased political and economic relations with Asia have been accelerated by the various trade agreements. A huge amount (approx. 90%) of Peru´s exports are covered by Free Trade Agreements. In addition, Peru is a member of Asia Pacific Economic Cooperation(APEC) which is a forum to promote economic cooperation and to expand trade and economic growth with 21 member economies who make up half of the world´s GDP. Moreover, Peru is a member of other interregional organizations with East Asian countries. These include the Forum for East Asia and Latin American Cooperation (FEALAC) and the Pacific Economic Cooperation Council (PECC). 

Peru-Asia Relations – Recent Investments in Peru

Peru´s economy has evolved substantially over the past decades and the country is now an extremely attractive region for investment. Despite the positive change, Peru still faces many economic problems i.e poor quality of public services throughout the country and underdeveloped infrastructure. 

Peru has a comprehensive reconstruction plan which has been prepared in coordination with municipalities and regional governments of the country. Examples of the plan include an upgrade of 7500km of highways. The reconstruction plan aims to invigorate local economies and ensure the continued economic growth of the country as a whole. 

Moreover, the Peruvian government has begun initiatives such as StartUp Peru with the objective to promote the emergence and consolidation of local Peruvian companies. 

Business Opportunities in Peru

It’s known that Peru is one of the countries with a high number of business opportunities in a range of sectors for example mining, financial technology, tourism etc.

In regards to mining, the Peruvian government is promoting investment in this sector, allowing for continued economic growth through increases in exports and increased employment of local staff. Peru is a leader in mining at a regional and global level, although only 2% of its territory is occupied by mining activities.

The agricultural sector plays an important role in the Peruvian economy. Recently, the ‘Super Food Peru’ brand was launched in Beijing. Superfoods Peru is drawing attention to develop and explore more business opportunities in Asia. Peru has emerged to be one of the key fresh fruit exporters to China and is about to become one of the principal suppliers to Japan, Korea, Thailand, Indonesia and Singapore.

¿Interested In Learning About Peru? 

Doing business in the Peruvian culture can be slightly complicated, especially for foreigners who have limited knowledge of local law and business culture.

At Biz Latin Hub, we have a team of local experts, that can help you when doing business in Peru and can provide personalised business advice. Contact our Country Coordinator, Leo here and see how we can assist your business plans in Peru. 

Learn more about out market entry services with the following video! 

Receive the latest news and advice about expanding your business globally.


Subscribe to our newsletter to receive the latest business news and advice about entity formation, legal entity compliance, accounting, back office and fiscal requirements.

  • This field is for validation purposes and should be left unchanged.

Marketing permission: By submitting this form, I give my consent for Biz Latin Hub to be in contact with me via email using the information that I have provided in this form and for the purpose of providing me updates about doing business, entity formation, legal entity compliance, accounting, back office services, PEO and/or for marketing purposes.

What to expect: If you wish to withdraw your consent and stop hearing from us, please simply click the unsubscribe link at the bottom of any email that we send or contact us at [email protected]. We value and respect your personal data and will do the utmost to protect it. By submitting this form, you agree that we may process and use your information in accordance with the stated terms and conditions in our privacy policy.

Tags: Asia | export | Free Trade Agreement | Import | Peru

Categories: LATAM | Peru

Pin It on Pinterest

Share This

Share This

Share this post with a friend or colleague!