Peru’s Service Exports likely to Grow 25% by the End of 2011
Lima - Peru’s service exports would increase at least 25 percent totaling US$5.12 billion by the end of 2011 boosted by a law aimed at promoting their trade, Foreign Trade and Tourism Ministry said Tuesday.
“The impact of this new law in favor of services exports will be very positive, and the growth of that sector will depend on the investments attracted. But this year, it would rise at least 25 percent,” Minister Eduardo Ferreyros said.
The law was enacted in late 2010 by President Alan Garcia, and thanks to this regulation the third generation of Peru’s export offer to the world began.
In 2010 non-traditional exports exceeded US$ 7 billion, that is, Peru’s total exports in 2001.
Ferreyros stressed that the export of non-traditional products is generating a significant amount of jobs for thousands of Peruvians across the country.