President Alan Garcia is scheduled to be in the central Andean valley of Jauja early today, to sign the enactment of a law that encourages investment in the high Andes. The law provides a series of tax and tariff incentives and exemptions for an initial period of 10 years to businesses that open and provide employment in Andean areas above 3000 m (9800 ft) .
The President is being accompanied to the event by the ministers of Agriculture, Adolfo de Córdova, the minister of Women and Social Development, Nidia Vilchez, and officers of Sierra Exportadora and Agrorural. Also at the event will be the president of the private business and industry confederation, Confiep, Ricardo Briceño, and president of the national society of industries, SNI, Pedro Olaechea, and leading entrepreneurs.
Earlier this week, when announcing his trip today, President Garcia said the law is an invitation to private business and industry to seek opportunities for production and processing in the high Andes, including in lumber, farming, livestock, silversmiths and mining, which can give employment to thousands or even tens of thousands of people.
