BUSINESS OPPORTUNITIES IN PERU · 2016-09-21 · OPPORTUNITIES IN PERU GYCS M. GORDON DIRECTOR...

BUSINESS OPPORTUNITIES IN PERU

GYCS M. GORDONDIRECTORCOMMERCIAL OFFICE OF PERU IN GERMANY

OCTOBER 2015

1. Internationally acknowledged macroeconomic soundness

WHY INVEST IN PERU?

2. Friendly investment environment

3. Open trade and market access policy

4. Attractive sectors to Invest

MACROECONOMIC SOUNDNESS

Peruvian economy grew rapidly in the last decade …

Real GDP, 2004-2016*(%Variation)

Source: Central Reserve Bank of Peru

• Estimated figures of BCRP (Inflation report as of May 2015)

1. MACROECONOMIC SOUNDNESS

GDP, 2004-2016*(US$ Billion)

69.779.4

92.3

107.3

126.9 127.0

153.8

176.6

199.6 202.3 202.6 203.7

220.2

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*

5.0

6.3

7.5

8.5

9.1

1.0

8.5

6.5

6.0 5.8

2.4

3.9

5.3

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*

… and continues leading regional growth allowing the GDP per capita to exceed

the global average by 2020…

Source: IMF / * in Peru case, source: BCRP

Real GDP – Forecasts for Latin America 2015-2016(Annual Average Variation %)


4,000

6,000

8,000

10,000

12,000

14,000

16,000

1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020

World

Latin America

& The

Caribbean

Peru

GDP per capita, PPP($ International constant prices of 2005)

-0.5

1.8

3.7

3.7

4.5

4.6

Venezuela

Brazil

Mexico

Chile

Colombia

Peru*

ESTABILIDAD MACROECONÓMICA1. MACROECONOMIC STABILITY

Economic growth has been driven by an increase in private investment…

Private Investment 2004-2016* (Variation %)

Private Investment 2004-2016* (US$ Billion)


Source: BCRP

* BCRP Estimated figures (Inflation report May 2015)

8.1

12.0

20.1

23.3 23.9

-9.1

25.9

11.0

15.6

6.5

-1.6

1.0

4.4

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

2016

*

9.210.7

13.2

17.1

23.621.3

28.5

32.7

39.3

42.1 42.1 41.3

44.0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

2016

*


… which today represents almost 20% of GDP …

Private Investment 2004-2016* (% of GDP)


Total investment – LATAM 2013(% of GDP)

Source: International Monetary Fund and figures of Central Reserve Bank Source: Central Reserve Bank of Peru

* Estimated figures of BCRP (Inflation report as of May 2015)

13.8 14.3 15.016.8

19.417.6

19.2 19.220.4 20.8 20.8 20.3 20.0

2.93.1

3.2

3.5

4.55.7

5.94.8

5.45.8 5.1 5.1 5.2

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

2016

*

Inversión Privada

Inversión Pública25.9

24.4

21.5 21.9

20.0

Perú Colombia Chile México Brasil

Public Investment

Private Investment

Peru Colombia Chile Mexico Brazil


Investment announcements have increased


Announcement of Private Investment projects 2015-2017

(US$ million )

Source: Inflation report, May 2015

Total Investment N° Projects

Mining 14,408 34

Hydrocarbons 7,224 22

Electricity 4,617 34

Industry 2,408 14

Infrastructure 4,057 24

Other Sectors 7,370 109

Total 40,084 237


… Peru is an attractive market for foreign investment, which

recorded $ 9 billion in 2014

Foreign direct investment flow 2004 – 2016*(US$ Billion)


Foreign direct investment – LATAM 2014(% GDP)

Source: IMF and UNCTAD

* In the case of Peru the BCRPSource: BCRP

* Estimated figures BCRP ( inflation report , May 2015)

1.6

2.6 3.5

5.5

6.9 6.4

8.5 8.1

12.3

9.3

7.89 7.62

5.62

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

2016

*

8.9%

3.9%

2.7% 2.7%

1.8% 1.6%

Chile Perú LAC Brasil México ColombiaChile Peru LAC Brazil Mexico Colombia

Furthermore, the domestic demand is strengthening …


Real domestic demand 2004–2016*(real annual Var. % )

Imports of vehicles for private use(US$ million)

8 Times

Imports of domestic assets /1(US$ million)

4 Times

Source: SUNAT and MEF

Estimated figures

1/ Includes imports of refrigerators, television, washing machine and electrical appliance.Source: Central Reserve Bank of Peru and MEF

Estimated figures BCRP (Inflation report, May 2015)

230.6

1,961.1

2004 2014

433.9

1,634.6

2004 2014

2.7

4.2

11.412.1

13.6

-3.3

14.9

7.7 8.07.0

2.2

3.84.4

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

2016

*


This is complemented by a dynamic commercial trade…

Balance of Trade 2004-2016* (US$ million)


Source: BCRP

* Estimated figures BCRP ( Inflation report, May 2015)

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015* 2016*

Exportaciones 12,809 17,368 23,830 28,094 31,019 26,962 35,565 46,268 46,228 42,177 39,533 36,326 40,099

Importaciones 9,805 12,082 14,844 19,591 28,449 21,011 28,815 36,967 41,113 42,217 40,809 38,019 40,598

Balanza Comercial 3,004 5,286 8,986 8,503 2,569 5,951 6,749 9,301 5,115 -40 -1,276 -1,693 -499

12,809

17,368

23,830

28,09431,019

26,962

35,565

46,268 46,228

42,17739,533

36,326

40,099

(3,000)

1,000

5,000

9,000

13,000

17,000

21,000

25,000

29,000

33,000

37,000

41,000

45,000

49,000

Exports

Imports

Trade Balance


… we see diversification, both in products and markets


Source: Central Bank of Reserve of Peru

Traditional Exports(commodities)(US$ million)

6 veces

Non-Traditional Exports(US$ million)

Main trading partners

2004

2014

3 times

0

5000

10000

15000

20000

25000

30000

2004 2009 2014

Otros

Plomo

Petróleo

Oro

Cobre

Others

Lead

Oil

Gold

Copper

0

2000

4000

6000

8000

10000

12000

14000

2004 2009 2014

Otros

Químicos

Textiles

Agro

3 times Others

Chemical

Textile

Agro

LAC29%

USA25%

Euro Zone15%

China12%

Asia11%

Others4%

Rest of Europe

4%

China22%

USA19%

LAC22%

Euro Zone14%

Asia13%

Rest of Europe

5%

Others5%

... all this, in a frame of macroeconomic stability, Peru records the lowest

inflation rate at a regional level….


Source: Central Bank of Reserve of Peru,IMF

CPI – Latin America 2003- 2013(Annual Average Variation %)

CPI – Latin America 2014(Annual Average Variation %)

2.93.2

4.24.4

5.9

Perú Chile México Colombia BrasilBrazil

3.2 3.3

4.04.2

6.2

Perú Colombia México Chile BrasilBrazil

100

200

300

400

500

600

700

800

900

F-1

5

O-1

4

M-1

4

J-14

S-1

3

A-1

3

D-1

2

A-1

2

A-1

2

D-1

1

A-1

1

M-1

1

N-1

0

J-10

M-1

0

O-0

9

J-09

F-0

9

O-0

8

M-0

8

J-08

Spread - Perú (pbs)

Spread - AmericaLatina (pbs)

60

70

80

90

100

110

120

130

140

E-0

4

S-0

4

M-0

5

E-0

6

S-0

6

M-0

7

E-0

8

S-0

8

M-0

9

E-1

0

S-1

0

M-1

1

E-1

2

S-1

2

M-1

3

E-1

4

S-1

4

Perú

Chile

Colombia

México

… has maintained stable exchange rates and a level of risk under the regional

average

Exchange Rate in Latin America 2004-2014(Index, Base year 2005 = 100)

JP Morgan EMBI+ (Basic points)


Source: CEPAL

Peru

Mexico

Spread Peru (pbs)

Spread LATAM (pbs)

Source: BCRP

44.541.7

33.9

29.9

26.9 27.224.3

22.120.4 19.6 20.0 20.1 20.0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

2016

*

13.9

20.0

34.0

46.248.0 48.9

65.8

Chile Perú Colombia Venezuela México Argentina Brasil

Peru maintains a healthy level of debt…

Public Debt– Peru 2004-2016*(% of GDP)


Public Debt– Latin America 2014(% of GDP)

Source: IMF and BCRP

Source: Central Bank of Reserve of Peru

*Estimated figures, BCRP (Inflation report May 2015)

Chile Peru Colombia Venezuela Mexico Argentina Brazil

… and has accumulated international reserves for a third of the GDP

Net International Reserves ( US$ Billion)


Source: Central Reserve Bank of Peru

*Up to July 01, 2015

NIR Adequacy Indicators

Source: BCRP. Inflation report May 2015

*Projection

2005 2010 2015*

NIR (% del GDP) 19.0 29.7 29.6

NIR (% short -term foreign debt) 292.7 506.9 564.0

RIN (% Short-term Foreign Debt plus Current Account deficit)

385.5 360.2 323.2

12.6 14.117.3

27.731.2

33.1

44.1

48.8

64.065.7

62.359.8

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

*

84

85

90

100

110

127

131

México

Chile

Colombia

Uruguay

Bolivia

Paraguay

Perú

Source: Standard & Poor`s, Fitch Ratings and Moody´s.

Updated as of July 2015


Peru earned the investment grade and investor´s confidence by practicing a responsible political economy

Investment gradeLatin America benchmarking

Country S&P Fitch Moody´s

Chile AA- A+ Aa3

Peru BBB+ BBB+ A3

Mexico BBB+ BBB+ A3

Brazil BBB- BBB Baa2

Colombia BBB BBB Baa2

Bolivia BB BB Ba3

Ecuador B+ B B3

Venezuela CCC CCC Caa3

Argentina SD RD Caa1

Countries with the best investment climateSouth America comparison

Source: Getulio Vargas Foundation (January 2015)

FRIENDLY INVESTMENTENVIRONMENT

Non discriminatory treatment: Foreign investors receive the same treatment as local investors.

Unrestrictive access to most economic sectors *.

Free transfer of capital.

Free competition.

Guarantee for Private Property.

Freedom to purchase stocks from locals.

Freedom to access internal and external credit.

Freedom to collect royalties.

Network of investments agreements and member of ICSID and MIGA.

Peru participates in the Investment Committee of the Organization for Economic Co-operation and Development (OECD) – It promotes the implementation of the Guidelines for Multinational Enterprises.

*Investments that require authorization: Located within 50 km in the frontier line and those destined to arms, ammunitions and explosive. Likewise, a principal local partner

for investments in maritime cabotage as well as in air transport is required.

2. FRIENDLY INVESTMENT ENVIRONMENT

Peru offers a favorable legal framework for foreign investment:

INVESTORS

Stability of regulations regarding nondiscriminatory treatment.

Stability of income tax regime applicable todividends.

Stability to use freely the most favorableexchange rate available in the market.

Stability of the free availability andremittance of foreign currency, dividendsand royalties regime.

Requirement: Minimum investment of US$ 5 million in any economic sectors. US$ 10 million for hydrocarbon and mining sectors.

Validity: 10 years. Concessions: Term according to the contracts life (Max. 60 years).

RECEIVING COMPANY

Stability of the recruitment regimes.

Stability of the regimes for the promotionof exports.

Stability of the Income Tax Regime


Special Regimes: Legal Stability Agreements

Regime whereby the Peruvian Government guarantees:

Granting the return of the Value Added Tax during the pre-productive stage of theproject (minimum 2-year term).

Applicable to all economic sectors

For agricultural activity it is not necessary to meet a minimum investment amount. Forother activities the minimum investment amount is US$ 5 million.

The project can be divided into stages, phases or similar.

Special Regime: VAT Anticipated Recovery.

Regime whereby the Peruvian Government grants the following benefits:


A steady tax regime:


Tax Applicable Rate

INCOME

Corporate profits

28.0% (2015-2016)

27.0% (2017-2018)

26.0% (2019 henceforth)

Agriculture and agribusiness 15%

Dividends

6.8% (2015-2016)

8.0% (2017-2018)

9.3% (2019 henceforth)

Royalties 30.0%

Interest rate on loans from abroad 4.9%

Value Added Tax (VAT) 18.0%

Financial Transactions Tax 0.005%

Temporary to net assets, applicable to the

excess of S/. 1 000 0000.4%

120

157

82

124

162

123

34

115

41

35

182

Argentina

Uruguay

Bolivia

Brasil

Surinam

GuyanaVenezuela

Colombia

Perú

Chile

Ecuador

Peru ranks second in the region in the improvement of business regulations.

.

Doing Business 2015


Continuous effort to facilitate the establishment and operation of business

Position Country

1 Colombia

2 Peru

3 Mexico

4 Chile

5 Uruguay

92

Paraguay

Peru has signed and currently has in force Agreements for the Promotion and Reciprocal Protection of Investmentand Trade Agreements of further scope that includes investment chapters that underpin our liberalization policy.

Australia China 1

Korea 1

Malaysia Singapore 1

Thailand Japan

Argentina Bolivia Chile 1

Colombia Ecuador Paraguay Venezuela

Cuba El Salvador Costa Rica 1

Panama 1

European Union 2

European Association of free Trade (Iceland, Liechtenstein, Switzerland and Norway) 1

Canada 1

United States1

Mexico 1

(1) Trade agreements

(2) Trade Agreement. Besides , Peru has Investment bilateral agreements with Germany, Belgium, Luxemburg, Denmark, Spain, Finland, France,

Holland, Italy, Portugal, United Kingdom, Check Republic, Sweden and Switzerland.

Investment Agreements

It has also signed 8 agreements to avoid double taxation with Andean Community, Brazil, Chile, Canada, Korea, Mexico, Portugal and Switzerland.


OPEN TRADE AND MARKET ACCESS POLICY

3. OPEN TRADE AND MARKET ACCESS

POLICY

An open trade policy sustained over time

Evolution of nominal and effective tariff; and tariff dispersion 1993 – 2013

Source:MEF

Notes:

1) Affective Tariff= (Amount of total revenue Ad valoren CIF / Total Amount of CIF Imports)*100.

2)Tariff Dispersion= Standard Deviation

Reduced tariff structure with low tariff dispersion

Source: SUNAT – MEF


LEVELS OFAD VALOREM

TARIFF LINES 2/

NUMBER PROPORTION (%)

0 4,224 55.9%

6% 2,538 33.6%

11% 792 10.5%

Total 7,554 100 %

EFFECTIVE AVERAGE TARIFF % 3.2

EFFECTIVE TARIFF % 1.1

STANDARD DEVIATION % 3.8

OPEN TRADE AND MARKET ACCESS POLICY

Working to become a globalized economy,with preferential access to the world’s largest markets

These countries stand for enlarged

market of over 4 billion people with a

joint GDP over US$ 56 trillion

96% of Peruvian exports

INVESTMENTOPPORTUNITIES INATTRACTIVE SECTORS

AGRIBUSINESS SECTOR

Natural greenhouse.

High agricultural yields: Sugarcane (2nd),Asparagus, Olives (3rd), Artichokes (4th), Grapes(6th) and Avocado (11th).

Seasonal windows in major markets.

The 100,000 ha of land currently devoted toagricultural exports are expected to double as aresult of large agricultural irrigation and expansionexisting projects.

More than US$ 5.000 billion in exports of freshand processed products to more than 150countries.

Organic and Natural Products with high exportpotential.

1,1261,339

1,7941,973

2,5992,462

3,178

4,525

4,178

4,219

5,063

-

1,000

2,000

3,000

4,000

5,000

6,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Tradicionales

No tradicionales

Total

Traditional

Non-Traditional

Total

Agricultural Exports (FOB US$ Million)

Agricultural exports according to Target Market – 2013

AGRIBUSINESS SECTOR

Source: ADEX Data Trade., BCRP.

USA29% The

Netherlands

11%

Germany8%

Spain6%Ecuador

5%

United Kingdom

4%

Colombia3%

China3%

Canada3%

Others28%

MANUFACTURING INDUSTRY

During 2010 the Manufacturing sector recordedan annual economic positive growth rate of lessthan 2.0%, down to their lowest level , (-3.29)during 2014.

There are different causes, among them we canemphasize the international situation and thedrastic reduction on the capture of hydrobiological species.

Significant recovery is estimated since thesecond quarter of 2015 by the internal marketdynamics at the beginning of several works ofthe large projects of infrastructure granted inconcession in recent years

MANUFACTURING INDUSTRY

Source: ASOCEM , PRODUCE

42,783.645,963.3

35,621.5 34,998.937,311.7

0

10,000

20,000

30,000

40,000

50,000

2003 2006 2009 2012 2013

Production of Cotton Fabrics(thousands of meters)

80.5

107.2

153.1169.7

182.1

0

50

100

150

200

2003 2006 2009 2012 2013

Production of Steel(thousands of tonnes)

5,7827,166

9,84710,527 10,675 11,051

0

2,000

4,000

6,000

8,000

10,000

12,000

2006 2009 2012 2013 2014 2015*

*Estimated data

Cement Production(thousands of metric tonnes)

MINING SECTOR

Polymetallic country, second in the world forcopper reserves, third in zinc, and first in silver.

13.61% of the land is subject to miningconcessions, and only 1.25% of the land is takenfor mining exploration and exploitation.

In the world: Third producer of copper, silver, tinand zinc worldwide. In Latin America: Firstproducer of gold, zinc, tin and lead. And 2nd ofcopper, silver and molybdenum.

In 2014, investment in mining reached a value ofUS$ 8,643 million.

Peru is one of the few countries in the world withnon-metallic mineral deposits, includingdiatomite, bentonite, limestone and phosphate.

MINING SECTOR

42.59%

34.07%

6.13%

2.08%

7.59%

2.15%3.72% 1.55%

0.10%

Share on Exports, by Mineral -December 2014

Cobre

Oro

Zinc

Plata

Plomo

Estaño

Hierro

Molibdeno

Otros

Copper

Gold

Zinc

Silver

Lead

Tin

Iron

Molybdenum

Others

1610 1249 17082822

4069

7243

8503

97198643

0

2000

4000

6000

8000

10000

12000

1 2 3 4 5 6 7 8 9

Mining Investments- December 2014 (US$ Millions)

Source: MINEM. Sub Mining Sector Statistical Bulletin. December 2014.

Elaborated by: ProInversión

Source: MINEM. Mining Statistical Bulletin. Annual report 2013.

Elaborated by: ProInversión

ENERGY SECTOR

Great energy potential: The wide availability of waterresources and natural gas has enabled to meet thegrowing electricity demand in the country.

In 2014, 92% of the population had access toelectricity.

The 2013 energy matrix comes principally from hydrogeneration (52%) and natural gas (46%). The remaining2% comes from other renewable sources.

Resources to be discovered and exploited: There areother renewable energy sources to be explored such assolar, wind, biomass and geothermal sources.

Energy production has grown at an average rate of 6.7%in the past 10 years, led by thermal generation, whichgrew by an average annual rate of 14.6%, while hydroenergy grew 2.7%.

The main economic groups of power generation are:Endesa, GDF Suez, Globeleq , Statkraft and Duke Energy.

ENERGY SECTOR

Power installed in the electricmarket by technology (MW)

Source: MINEM. Executive Electricity Yearbook 2013.

Hydraulic

Thermal

Solar

Hydraulic

Thermal

Share in the energetic matrix

Source: MINEM. National Energy Plan2014-2025.

PETROCHEMICAL SECTOR

In 2013, natural gas production totaled 430.559 millioncubic feet, driven by growing demand from power plants,increased consumption of natural gas vehicles (NGV),domestic and commercial.

Peru is the only sustainable source of natural gas in theSouth American Pacific.

Peru has oil fields that have not been explored (29.97million ha), making it a potential petrochemical hub.

The petrochemical industry is integrated with theproduction of natural gas and other liquid hydrocarbons,creating a significant added value.

Among the products produced by the petrochemicalindustry are Final fertilizers, plastics and detergents.

Investment opportunities for US $ 6.500 million for theconstruction of 2 floors of ammonia, 1 level of ammoniumnitrate, urea, ethylene and polyethylene.

PETROCHEMICAL SECTOR

Fiscal Production of Natural Gas, 2005-2014

Source: Peru – Petro Statistics

Fiscal Production of Oil2005-2014

0

5,000

10,000

15,000

20,000

25,000

30,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Northeast 7,071 7,158 7,664 9,159 9,731 9,528 9,808 9,545 9,123 9,112

Continental Shelf 3,922 4,556 4,367 4,806 5,075 5,737 5,329 5,527 4,722 5,717

Rainforest 16,548 16,601 16,116 14,063 11,121 11,267 10,246 9,323 9,111 10,467

Total 27,541 28,315 28,147 28,028 25,927 26,532 25,383 24,395 22,956 25,296

Mill

ion

s o

f C

ub

ic F

ee

t

0

5,000

10,000

15,000

20,000

25,000

30,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Northeast 7,071 7,158 7,664 9,159 9,731 9,528 9,808 9,545 9,123 9,112

Continental Shelf 3,922 4,556 4,367 4,806 5,075 5,737 5,329 5,527 4,722 5,717

Rainforest 16,548 16,601 16,116 14,063 11,121 11,267 10,246 9,323 9,111 10,467

Total 27,541 28,315 28,147 28,028 25,927 26,532 25,383 24,395 22,956 25,296

Tho

usa

nd

s o

f B

arre

ls

Important cultural destination for archaeological sitesof the Inca and pre-Inca cultures.

• Machu Picchu was voted one of the New 7 Wondersof the World.

Diversity of natural settings.

Destination for bird and orchid watchers.

Lima is considered the gastronomic capital of LatinAmerica.

Important investment by internationally renownedhotel chains.

Increased connectivity of the Peruvian air marketwith increased weekly frequencies in internationalflights to allow more connections and destinations,with more and better travel options.

Investment Opportunities in the 8 priority destinations: Northern Beaches, Amazon River, Amazonas, Kuelap, Moche Route, Lima, Nazca, Paracas, Colca Valley and Puno-Lake Titicaca.

TOURISM SECTOR

Source: MINCETUR

*Preliminary figures

Tourist arrivals(Thousands of people)

Tourist Arrivals by region of origin –2014*

TOURISM SECTOR

1,350

1,5711,721

1,9162,058

2,1402,299

2,598

2,846

3,164

3,858

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014*

South America55.4%

North America20.2%

Europe16.9%

Asia4.2%Central

America1.5%

Oceania1.5%

Africa0.1%

Not specified

0.2%

The average GDP growth in the constructionperiod January to December 2014 is 1.68%.

The slowdown in the economy reduced thedemand in properties that were registered until2013. Nevertheless in the past year the largestinvestment of the sector were directed to theconstruction of shopping centers.

In order to facilitate the access to a property –nationwide – the Ministry of Housing andConstruction has implemented the followingPrograms and Products:

• New Credit My Housing Fund

• My Construction

• My materials

• Own Roof

• Bonus structural reinforcement

• My house More

• My field

REAL ESTATE

8,566

12,020 13,144

16,011

19,952

24,461

29,664

34,184

2007 2008 2009 2010 2011 2012 2013 2014**

Créditos Hipotecarios brindados por el Sistema Financiero 2007-2014

(Miles de Soles)*

7600

3000 2900

470 440 400

UNACEMS.A.A.

Yura S.A. C.Pacasmayo

S.A.A.

C. Sur S.A. C. Selva S.A. Caliza C.Inca S.A.

Producción de Cemento – capacidadinstalada por empresa 2014

(Miles de TM/Año)

REAL ESTATE

Peru: Installed Cement Production Capacity

by Company, 2014

(Thousands of Metric Tons / Year)

Mortgage Loans provided by the Financial System 2007-2014*

(US$ Million)

Source: ASOCEM- Association of Cement Producers(*) Includes loans in soles and dollars (**)The municipal Savings information of 2014 is up to NovemberSource: Superintendency of Banks and Insurance

SERVICES - OUTSOURCING

The lowest labor costs per operator in Latin America(US$ 270), a factor that accounts for 60% of operatingcosts in contact centers.

Presently, contact centers represent 23,063 positionsgenerating 36,479 direct jobs. In 2012 exports grew by12%.

Exports of services from contact centers, data processing,computer application and programs and the likes are notsubject to VAT.

Availability of technology requirements and low realestate costs.

The implementation of the Data Protection Act (passed in2011) will strengthen the position of companies in thesector and will open new opportunities for the generationof larger business concerns.

SERVICES - OUTSOURCING

Exportación de Servicios de

Centros de Contacto

Principales mercados 2012

Europe50.51%

North America5.65%

Central America1.13%

South America26.96%

Others15.75%

Source: Survey and Standardization of Data of Export Services

2012

Centros de Contacto

Principales sectores atendidos 2012

3%

3%

9%

19%

19%

22%

25%

31%

41%

75%

81%

Educación

Medios de comunicación

Turismo y hospitalidad

Gobierno

IT

Industria y Gran Consumo

Utilities

Salud

Retail

Banca, servicios financieros y seguros

TelecomunicacionesTelecommunications

Banking, Financial Services

Health

Industry and Consumerism

Government

Tourism and Hospitality

Means of Communication

Education

Source: Survey and Standardization of Data of Export Services

2012

TRANSPORT INFRASTRUCTURE

Peru has prioritized the development of transportinfrastructure (road, rail, port and airport) toincrease competitiveness and set a logistics hub thatintegrates Latin America, the economic region ofAsia - Pacific.

In this perspective the investment commitments inconcessions of the sector, in 31 projects are aroundUS$ 13,755 billion, creating its modernization, withreduced logistics costs and boosting via TLC, Peru'sintegration with global markets in more competitiveconditions.

The developed infrastructure will be complementedby new investments planned by 2016, the ERM,having previously realized projects over US$19,290million (APP and public works); representingsignificant investment opportunities for contractorsand operators.

TRANSPORT INFRASTRUCTURE

New Investments in Transport Infrastructure

Programmed for 2015-2016

Source: MTC Production: ProInversión

(1) Includes public works and concessions.

(2) Development of Waterway System of the Amazonía, on the Rivers Ucayalí, Huallaga, Marañon and Amazonas. Estimated amount.

(3) Comprises the Concession of the New International Airport of Chinchero - Cusco. Estimated Amount.

(4) Committed investment in the Port Terminals: General San Martín San Juan de Marcona, Salaverry, Ilo, Pucallpa andIquitos.

(5) Committed investment: Line 1 section 2 and Line 2

(6) Do not includes committed investment in the granted concessions, or future projects with private investments, or unsolicited proposals (UP)

INFRAESTRUCTURA DE TRANSPORTESOBRA

PÚBLICA

CONCESIONES

APPTOTAL

ROAD INFRASTRUCTURE(1) 8, 225 3, 309 11, 534

WATWERWAYS INFRASTRUCTURE (2) - 69 69

AIRPORT INFRASTRUCTURE(3) - 538 538

PORT INFRASTRUCTURE(4) - 548 548

RAILWAYS INFRASTRUCTURE- 6, 601 6,601

(Lima Metro Network) (5)

TOTAL (/6) 8, 225 11, 065 19, 290

Many thanks

[email protected]

www.perutradeoffice.de

BUSINESS OPPORTUNITIES IN PERU · 2016-09-21 · OPPORTUNITIES IN PERU GYCS M. GORDON DIRECTOR...

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