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Peru : Strategic Partner for Germany in South America

Peru : Strategic Partner for Germany in South America. José Luis Silva Martinot Minister of Foreign Trade and Tourism February 2013. Macroeconomic Environment. Peru’s dynamic and competitive economy has continued to grow despite the international financial crisis. 6% annually.

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Peru : Strategic Partner for Germany in South America

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  1. Peru: StrategicPartnerfor Germany in South America José Luis Silva Martinot Minister of ForeignTrade and Tourism February 2013

  2. MacroeconomicEnvironment

  3. Peru’sdynamic and competitiveeconomy has continuedtogrowdespitetheinternationalfinancial crisis 6% annually Peru’s GDP increasedduringthe 2002-2010 period 6.3% GDP growth at theend of 2012 25 positions Number of positions Peruimproved in thelast 5 years in the WEF Global Competitive Ranking Ranked 61 in the 2012-2013 Report 3

  4. WhyInvest in Peru? • Internationally-recognizedmacroeconomicstrength Favorable invesmentclimate Integratedtradepolicy – marketaccess

  5. Peruis at theforefront of thedoingbusinessclimate ranking in relationtoothercountries in LatinAmerica Source: Doing Business 2012, World Bank. Ranking of 185 countries In 2012, Perureached position 43 in theease of doingbusiness ranking

  6. Peruoffers a favorable legal frameworkforforeigninvestment • Non-discriminatory treatment: foreign investors are treated the same as national investors • Unrestricted access to most economic sectors* • Free capital transfers • Free competition • Guarantees for private property • Freedom to acquire shares from nationals • Freedom to access internal and external credit • Freedom to remit royalties • Investment Treaty Network; Member of the International Center for Settlement of Investment Disputes (ICSID) and the Multilateral Investment Guarantee Agency (MIGA) • Participates in the Organization for Economic Co-operation and Development (OECD) Investment Committee - Promotes the implementation of guidelines for multinational companies Requirements: USD$ 5 million minimum investment in any sector of the economy. US$D 10 million in the mining and hydrocarbon sectors. Period of Validity:10 years. Concessions: Extended for the concession’s period of validity. Legal Stability Agreements Source: Proinversión * Investments that require authorization: Those within a 50Km range from the country’s borders and those involving arms, munitions and explosives. Also, investments in coastal trade transportation and air transport require a local majority shareholding partner.

  7. GoodprospectsforPeruvianexports (USD$ millions) Now, we double our exports every five years During the 2000–2005 period, we doubled our exports 20 years to double exports By 2016 Peruwill try todoubleitsexports, triple its non traditionalexports and doublethenumber of exportingcompanies Source: SUNAT * Estimate

  8. Thesuccess of thePeruvianexportergenerates a revitalizingeffectonthenationaleconomy (2012*) US$ 1,478 Exports per capita* 4,645 Exportedtariffitems ** By 2016 at USD$ 2,730 By 2016 at 5,000 7,873 Exportingcompanies** US$ 10,867 MM Non traditionalexports* By 2016 at 15,600 By 2016 at US$ 23,000 million Source: SUNAT *Estimate for 2012 ** Jan-Nov 2012

  9. Peru: ontoday’sworldstage • Coherent and responsible macroeconomic policies • Making the most of trade liberalization • Export growth and diversification • Foreign investment growth • Development with social inclusion

  10. TradeLiberalization

  11. Trade Agenda: Free TreatyAgreements, secureworldmarketdestinations forourexports In force + 55 countriesaroundtheworld In negotiation Comingintoforce + 2,500 millionconsumers Trans-PacificPartnershipAgreement + 95% of ourexports head tocountrieswithwhomwehaveagreements Pacific Alliance “TheFTAsact as reformmechanismsfortheState’smodernization and theybecomestrong and solidpromoters fortheattraction of private and foreigninvestment” http://www.acuerdoscomerciales.gob.pe/

  12. Peru-GermanyTradeRelations

  13. Germany isour #1 tradepartner in the EU Peru: ExportstotheEuropeanUnion 2012* (USD$ Millions) Source: SUNAT Data November 2012

  14. OurTrade Exchange with Germany has grown 26% in thelasttwoyears Source: SUNAT

  15. Thereisgreatpotentialforthedevelopment of Peruvian non traditionalexportstoGermany Main Non TraditionalProducts 2012* Non TraditionalExports (USD$ Millions FOB) • Cochinealcarmine(USD$ 6.63 million). • Zinc oxide (USD$ 7.87 million). • Coloringlaquers(USD$ 5.8 million). • Asparragus, preparedorpreserved(USD$ 12.47 million). • Other vegetables, vegetable mixes (including “wild” ones) (USD$ 7.10 million). • Othershirts,cotton, with a neck and partial open front, formen (USD$ 5.04 million). • Zinc sheets, strips, flat rolls, with a thicknessgreaterthan a 0,65mm (USD$ 3.02 million). • Shirts, cotton, with a neck and partial open front, single color fabric (USD$ 1.63 million) Source: SUNAT *Jan-Nov 2012

  16. And PeruviantraditionalexportstoGermanygrew by 76% between 2008 and 2012* TraditionalExports (USD$ Millions FOB) MainTraditionalProducts 2012* • Copperminerals and itsconcentrates (USD$ 806.94 million). • Coffee, nottoasted, non decafinated, exceptforsowing (US$ 320.85 million). • Fishflour, powder, pellets, with a fatcontentgreaterthan 2% in weight (USD$ 263.85 million). • Silverminerals and itsconcentrates (USD$ 62.94 million). • Goldminerals and itscontents (USD$ 14.89 million). *Jan-Nov 2012 Source: SUNAT

  17. Germany is Peru’s main provider in the European Union +97% • Main imported products: • Assembled vehicles and vehicles for merchandise transport • Boards, panels and consoles for the control and distribution of electric energy • Machinery parts • Mechanic shovels for excavation and loading • Other medicines, except analgesics for human use +24%

  18. Development of the amount of exported and imported products in German trade Total number of tariffitemsexported Total number of tariff items imported Source: SUNAT

  19. Development of the number of exporting and importing companies in German trade Total number of exportingcompanies Total number of importing companies Source: SUNAT

  20. Foreign Direct Investment from Germany to Peru FDI Stock from Germany to Peru, by sector (%), 2012 Main FDI Countries of Origin in Peru, at the end of 2012 Source: PROINVERSION

  21. Trade Opportunities in Peru

  22. Agriculture and livestock sector Main Export Destinations* Sector Indicators • 27% averageannualgrowthrate • (2000-2011) • 1,648 exportingcompanies in 2012* (+6% in relationtothesameperiod in 2011) • In 2012* the sector grew 7% in relationto 2011 *Data for Jan.-Nov. 2012 Source: SUNAT. DevelopedbyMarketIntelligence - PROMPERU 22

  23. Fishing Sector MainExportDestinations* Sector Indicators • 17% averageannualgrowthrate (2000-2011) • 462 exportingcompanies in 2012* • (+3% in relationtothesameperiod in 2011) • In 2012* the sector grew 1% in relationto 2011 *Data for Jan.-Nov. 2012 Source: SUNAT. DevelopedbyMarketIntelligence - PROMPERU 23

  24. Textil and Apparel Sector Principales Destinos de Exportación* Sector Indicators • 10% average annual growth rate • (2000-2011). • 2,546 exporting companies in 2012* (+8% in relation to the same period in 2011) • In 2012* the sector grew 10% in relation to 2011 *Data for Jan.-Nov. 2012 Source: SUNAT. DevelopedbyMarketIntelligence - PROMPERU 24

  25. Biocommerce sector Main Export Destinations* Sector Indicators • 21% averageannualgrowthrate (2000-2011) • 464 exportingcompanies in 2012* (+10% in relationtothesameperiod in 2011) • In 2012* the sector had a -32 % variation in relationto 2011 *Data for Jan.-Nov. 2012 Source: SUNAT. DevelopedbyMarketIntelligence - PROMPERU 25

  26. Mining Sector Main Export Destinations* Sector Indicators • 22% averageannualgrowthrate • (2000-2011) • 182 exportingcompanies in 2012* (+1% in relationtothesameperiod in 2011) • In 2012 the sector had a -6% variation in relationto 2011 *Data for Jan.-Nov. 2012 Source: SUNAT. DevelopedbyMarketIntelligence - PROMPERU

  27. Energy Sector MainExportDestinations* Sector Indicators • 25% averageannualgrowthrate • (2000-2011) • In 2012* the sector grew 11% in relationto 2011 *Data for Jan.-Nov. 2012 Source: SUNAT. DevelopedbyMarketIntelligence - PROMPERU

  28. InvestmentOpportunities in Peru

  29. Short-termPrivateInvestmentPromotionProjects 2012 – 2013 (25 Projects)

  30. InvestmentOpportunities • Agro Sector: • Majes Siguas Project (hydroenergy and irrigationproject) • ChavimochicProspect(hydroenergy and irrigationproject) • Tierras Eriazas (public tender foruncultivatedlands, withoutrighttowater, belongingtotheMinistry of Agriculture) • Mining Sector: • Magistral Mining Project (copperdeposit, withmolymdenum and silvercontent ) • HuaydayAmbaraProspect(gold) • Remanentes de MichiquillayMining Project (limestone) 30

  31. Investmentopportunities • Tourism Sector: • Chaco – La Puntilla Lote E (Operation and Maintenance of Tourism Marina – Paracas) • Kuelap Cable Car (Tourist Cable Car TransportationSystem – Amazon Region) • San Lorenzo Island Project (Tourismprojects in theislands of San Lorenzo and El Frontón – Callao) 31

  32. Tourism

  33. ExtraordinaryTourismDestination • Attributes: • Birthplace of the Inca Empire, one of thegreatestcivilizations in theAmericas. Eleven sitesdeclared Cultural and NationalHeritageSites by UNESCO • It has anexhuberant Amazon region, lakes, lagoons, snowpeaks, canyons, gorges and beautifulbeaches. In additionto a variety of flora and fauna thatbestowitwith a uniquebeauty. • Its art and culturealso stand out: dances, music, regional costumes, religiousfestivities, ancienthandcrafts, traditionalcuising, etc. • Highsatisfactionlevelfromtourists: “89% “wouldrecommendit” as a tourismdestination. • Climatevarietygivenourgeographicaldiversity. Source: Country Brand Index 2010, Foreign Tourist Profile 2009

  34. …withexceptionaltourismdestinations Arequipa - Colca Moche Route Beaches in the North • Peru has attractivesustainabletourismdevelopmentinvestmentopportunitiesfortheprivate sector: historical, cultural, nature, existential, adventure, and others. Kuelap The Amazon Lake Titicaca 34

  35. And a firstclassgastronomicaloffer • Peru’sgastronomyisconsideredamongthemostimportant in theworld. • Thegoodquality of Peruvianfoodishighlyregardedbytourists – 97% considereditfirst rate.* • There are more than 20 GastronomicalPeruvianFranchises in more than 16 countries. • PeruvianFranchisePresence in Europe: Astrid & Gastón, Tanta, Segundo Muelle, entre otros. • * ForeignTouristProfile 2009 Peruvian Gastronomy: • Firstratequality, a “FlagshipProduct”. • Internationallycompetitive. • Cuisinewithhistory and tradition - “Living Culture”. • At presentPeruisexperimenting a “Gastronomical Boom”. 35

  36. Jorge Chávez International Airport Themostmodernairport in South America 2009 -20121 • Jorge Chávez International Airportislocated in theConstitutionalProvince of Callao, closetothe Port of Callao and 10 km fromdowntown Lima. • ItisPeru’smainairport, concentratingallinternationalflights and themajority of allnationalflights in the country, as well as serving more than 12 millionpassangerseachyear. • It stands outbecause of itsenourmousprojectionsrelatedtoconnectingflightsbetweentheAmericas, Asia-Pacific and Europe, which as a result has broughtabout a sustainedgrowth in passengerflow, cargo and mail.

  37. International Arrivals from Germany to Peru German Tourist Arrivals to Peru OPPORTUNITY Tourists coming from Germany represent 2.2% of the total international tourist arrivals in Peru during 2012. Source: MININTER- DIGEMIN • In 2012 Peru saw the arrival of 46,787 german tourists. • Germany is the third emitter of tourists to Peru in Europe.

  38. Peru: Strategic Partner for Germany in South America José Luis Silva Martinot Minister of Foreign Trade and Tourism February 2013

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