I just arrived back from Lima, Peru, where our firm has an office. I last visited about a year ago and I’m incredibly pleased with the level of development that has taken place since then. It seems everywhere you look, there is another building going up. We’re not talking a property bubble here folks. The growth taking place in Peru is real and it’s sustainable.
Peru’s economy will likely expand by 6.3 percent this year–making it the fastest-growing economy in Latin America according to the Latin Business Chronicle.
The promising economic outlook comes on the heels of the U.S.-Peru Free Trade Agreement, which entered into force in 2009. The agreement further enhances the overall commercial and investment climate by eliminating tariffs on many goods, accelerating the customs clearance process for U.S. imports, and strengthening the protection on intellectual property rights.
There are great things happening in Peru. If you haven’t’ already, you may want to consider expanding your international business operations to this prosperous Andean country. To guide you along, I’ve embedded the World Bank’s Doing Business Peru Report below, which is full of helpful information:
Doing Business in Peru
Be sure to also check out these resources for additional information on setting up your business in Peru:
U.S. Department of Commerce
American Chamber of Commerce in Peru
Embassy of the United States in Lima, Peru
If you have any questions on how to set up your international business operations in Peru, please do not hesitate to contact me.