Business Groups Say Exports Could Rise Above $50 Billion This Year

Business groups in Peru said they are confident the country can increase its exports to more than $50 billion this year, state news agency Andina reported.

President Ollanta Humala on Monday said that Peru should aim to export over $50 billion in 2012. In 2011, Peru’s exports totaled approximately $46 billion, up from $36 billion in the previous year.

“We are taking on the challenge very well,” said Alfonso Garcia-Miró, the head of Peru’s leading private business association, Confiep. “The forecasts for investment are really good, the President has set an interesting goal of $50 billion and we are confident we can meet it.”

The president of Peru’s National Mining and Petroleum Society, Pedro Martinez, said also that “it is possible to reach the goal.”

“We are seeing an exceptional dynamic, above all outside Lima, with growth in employment and salaries and this should lead to greater production,” Martinez said.

Carlos Chiappori, president of the foreign trade society Comex Peru, agrees it is possible to reach the export goal. “There are a lot of conditions to keep growing and the business surveys show that confidence is growing, as well as consumption,” he said.

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