“Peru and India share rich history, cultural heritage and diverse natural resources and there is enormous potential to develop a strong and lasting bilateral relationship. Peru has one of the oldest civilisations in the Americas corresponding to the Harappan civilization in India and both countries share the common vision of ’Progress and Sustainability’. Peru has a stable macroeconomic condition, open trading system, stable policy ®gulation and transparent legal system. Peru can be the gateway for Indian companies to the world market as it has signed 22 free trade agreements with preferential market access to 46 countries. We are proposing a free trade agreement with India and seven rounds of negotiations are over. We hope to conclude the negotiation soon to promote trade and investment between both the countries,” said H.E. Mr. Javier Manuel Paulinich Velarde, Ambassador of the Republic of Peru
The Ambassador invited Indian investment in mining, agriculture, tourism and fisheries, which are the dominant sectors in Peru. He said, “Peru has diverse agro-climatic condition, and it is the leading exporter of blueberries, quinoa, grapes, avocadoes, bananas, nuts, mangoes and citrus fruits such as mandarins. Peru is also a leading exporter of fish meal, fish oil, which are essential ingredients in aquaculture.
In the cultural and tourism sectors, the Ambassador informed, “Peru has an Award-winning culinary tradition. We connect cultures through gastronomy. Peru’s historic site Machu Picchu, which is one of the seven wonders of the world, is also the first tourist destination to be certified carbon neutral by the Green Initiative.
In the cultural and tourism sectors, the Ambassador informed, “Peru has an Award winning culinary tradition. We connect cultures through gastronomy. Peru’s historic site Machu Picchu, which is one of the seven wonders of the world, is also the first tourist destination to be certified carbon neutral by the Green Initiative.
In his remarks, Mr. Roy Postigo, Trade Specialist, Promperu India explained the ease of doing business in Peru. He said, “Peru is strategically located in the middle of South America. I invite Indian companies to invest in Peru as it is easy to open an office or establish a company in our country. Peru offers equal treatment for local and foreign investors, there is no restriction on repatriating profits outside the country, our currency is stable, and we protect right to private property.
Mr. Postigo informed that Peru has developed Chancay port, the biggest port in Western part of South America and this will reduce cargo transit time for exports to Asian countries. We invite Indian investments in the industrial park near this port area.
Mr. Postigo further remarked, “This year, I expect India-Peru trade to touch USD 5 billion led by strong growth in export of gold and other minerals from Peru. We can strengthen two-way trade in agriculture, mining and manufactured goods. Peru has diverse geographic and climatic conditions favourable for cultivation of cocoa, mangoes, 4,000 varieties of potatoes and other fruits & vegetables. Peru already exports blueberries, quinoa and avocadoes to India, and it is planning to export frozen berries as well.
