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PERU MACROECONOMIC AND
INVESTMENT OVERVIEW
Representative Office in Peru
The Bank of Tokyo – Mitsubishi UFJ, Ltd
September 2016
1. Peru in Latin America
2. Macroeconomic Overview
4. Extra Chapter
3. Friendly Investment Environment
2
PERU IN LATIN AMERICA
Location of Peru
Source: Mapas del mundo 4
5
Main LATAM Countries' Data
Source: JETRO, IMF (World Economic Outlook, April 2016), MEF, ProInversion, United Nations Population Division, World Bank
Main LATAM Countries’ Data Asia Countries as reference
Basic Data Peru Brazil Mexico Colombia Argentina Venezuela Chile Panama Thailand Philippine
Land Area
1.29
million
km²
8.51
million
km²
1.97
million
km²
1.14
million
km²
2.78
million
km²
910
thousand
km²
760
thousand
km²
70
thousand
km²
510
thousand
km²
300
thousand
km²
Population (2015)31.774
million
209.567
million
127.632
million
48.654
million
43.847
million
31.518
million
18.131
million
3.990
million
68.146
million
102.250
million
Economy
Nominal GDP (2015)192.1
billion
1,772.5
billion
1,114.3
billion
332.3
billion
585.6
billion
169.6
billion
240.2
billion
47.4
billion
386.2
billion
308
billion
Nominal GDP Per
Capita (2015) USD6,021 8,802 9,592 5,687 13,428 7,744 13,331 13,012 5,426 2,858
Real GDP Growth Rate
2010 8.5% 7.6% 5.1% 4.0% 9.5% -1.5% 5.8% 5.9% 7.8% 7.6%
2011 6.5% 3.9% 4.0% 6.6% 8.4% 4.2% 5.8% 10.8% 0.1% 3.7%
2012 6.0% 1.8% 4.0% 4.0% 0.8% 5.6% 5.5% 10.2% 6.5% 3.8%
2013 5.8% 2.9% 1.4% 4.9% 4.1% 1.3% 4.2% 8.4% 2.9% 7.2%
2014 2.4% 0.1% 2.1% 4.6% 0.5% -4.0% 1.9% 6.2% 0.7% 6.1%
2015 3.3% -3.8% 2.5% 3.0% 1.2% -5.7% 2.1% 5.7% 2.4% 5.8%
2016
(estimation)3.7% -3.8% 2.6% 2.5% -1.0% -8.0% 1.5% 6.1% 2.9% 6.0%
Sovereign Rates(S&P)As of June 2016
BBB+
(Positive)
BB
(Negative)
BBB+
(Negative)
BBB
(Negative)
B-
(Stable)
CCC
(Negative)
AA-
(Stable)
BBB
(Stable)
BBB+
(Stable)
BBB
(Stable)
Japanese Companies
(2015)55 705 957 80 51 72 93 45 1,707 1,521
6
Total areaApprox. 1.29 million km²
(about 3.4 times the size of Japan)
Total population Approx. 31.774 million (2015)
Capital Lima (population: 9.83 million / 2015)
Form of government Constitutional Republic
PresidentPresident Pedro Pablo Kuczynski
(July 28, 2016 – July 28, 2021)
Parliamentary Unicameral 130 seats
Principal industries
Manufacturing, Agriculture and Farming, Oil, Mining
Silver (Production: World No.2), Copper(No.2),
Tin (No.3) , Zinc(No.3), lead(No.4), Gold (No.6)
Language Spanish, Quechua, Aymara
People Indigenous 45%, Mixed 37%, European 15%, Others 3%
Religion Mainly Catholic
Nominal GDP USD192.1 billion (2015 World Bank)
GDP per capita USD6,021 (2015 World Bank)
GDP (%) 3.3% (2015 IMF)
Inflation (annual rate) 4.4% (as of December 2015 BCRP)
Unemployment rate 6% (World Bank, 2015)
FX rate USD 1 = PEN 3.30 (BCRP, August 2016)
Foreign debt USD 68.2 billion (BCRP 2015)
Foreign reserve USD 61.4 billion (BCRP 2015)
Total amount of trade
1) Export: USD 33.2 billion
2) Import: USD 30.0 billion
(BCRP 2015)
Principal trade items
1) Export: copper, gold, lead, crude oil, fish meal
2) Import: crude oil, petroleum, automobile,
mobile phone, wheat
(2015 SUNAT)
Major trading
countries
1) Export: China, USA, Korea, SWZ, Japan
2) Import: USA, China, EU, Mercosur
(2015 SUNAT)
Peru country rating“”BBB+” (S&P) “A3” (Moody’s) “BBB+” (Fitch)
(August 2016)
Peru Overview
MACROECONOMIC OVERVIEW
Nominal GDP 2003 – 2016*(US$ Billion)
8
Source: World Bank, IMF, ProInversion
*Estimate
59.066.6
74.9
87.8
102.1
121.5 121.1
148.5
170.5
192.6202.3 202.9
192.1
*179
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Macroeconomic
Peruvian Economy grew rapidly in the last decade.
The average growth rate of the latest 12 years (2004 – 2016*) is 5.8%
9
(%)
Source : World Bank
*Estimate: BCRP
3.1
7.2
-0.6
-11.8
5.2
2.8
10.0
8.0
-8.7
-11.7
-5.1
2.2
-0.4
4.8
12.8
8.6
2.5
6.9
-0.7
0.9
3.0
0.2
5.0 5.2 5.0
6.3
7.5
8.59.1
1.0
8.5
6.56.0 5.8
2.4
3.33.7
4.5 4.6
Macroeconomic
GDP by Industries 2015
10
Agriculture (including forestry /
fishery), 5.6%
Mining / Natural Gas, 12.2%
Manufacturing, 13.4%
Construction, 6.2%
Electricity, Gas, Water, 1.8%
Trade, 11.2%Service, 12.5%
Others, 37.1%
Source : INEI, BCRP
Macroeconomic
Private Investment 2003-2017*
( %)Private Investment Amount 2004-2016* (US$ billion)
Source:BCRP, ProInversion
* Estimate: BCRP 11
9.210.7
13.2
17.1
23.621.3
28.5
32.7
39.342.1
43.8
38.4
34.1
6.3 5.7
12.5
18.5
22.223.9
-9.1
25.9
11.0
15.6
6.4
-2.2
-4.4
-1.0
4.0
Economic growth has been driven by an increase in private investment.
Macroeconomic
Private Investment 2003-2018* (% of GDP)
Total Investment - LATAM 2015(% of GDP)
Source: BCRP, ProInversion, IMF
*Estimate: BCRP (Inflation Report, June 2016) 12
13.8 14.315.0
16.8
19.0
17.1
19.920.6
22.5 22.621.6
20.019.1 19.0 19.02.9
3.13.2
3.5
4.2 5.5
5.7 4.8
5.4 5.75.4
4.95.2 5.3 5.4
Public Investment
Private Investment
24.926.0
22.221.5 21.0
Peru Colombia Chile Mexico Brasil
Peru has one of the highest investment rate in GDP
comparing among the LATAM countries with private and public investment rate in GDP.
Macroeconomic
Real domestic demand 2004–2017*(% )
Source: MEF, BCRP, ProInversion
* Estimate
Number of Shopping Centers across the country
29 32 3645 48
6068
73 77
2008 2009 2010 2011 2012 2013 2014 2015 *2016
(US$ Billion)
Source: ACCEP
*Estimate 13
2.7
4.2
11.412.1
13.6
-3.3
14.9
7.7 8.0
7.0
2.22.9
2.5
3.8
4.3
2.5
6.97.6
8.3
2008 2012 2014 2015 *2016
Shopping Center Annual Sales
Furthermore, Peru has a solid domestic demand.
Macroeconomic
Trade Balance 2003-2018* (US$ Million)
Source: BCRP, ProInversion
* Estimate: BCRP (Inflation Report, June 2016) 14
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 *2016 *2017 *2018
Export 12,809 17,368 23,830 28,094 31,019 26,962 35,565 46,268 46,228 41,829 39,533 34,236 34,834 37,859 39,970
Import 9,805 12,082 14,844 19,591 28,449 21,011 28,815 36,967 41,113 42,191 40,807 37,385 36,418 38,324 39,929
Trade Balance 3,004 5,286 8,986 8503 2,569 5,951 6,749 9,301 5,115 -362 -1,274 -3,150 -1,584 -465 41
(10,000)
-
10,000
20,000
30,000
40,000
50,000
Trade deficit reduced and started recovering its balance.
Macroeconomic
15
50% of exports are related to mining and manufacturing sectors.
Source : INEI, SUNAT
Mining and Manufacturing,
38.00%
Fishery Products,
7.80%
AgricultureProducts, 20.60%
Oil and Natural Gas,
7.70%
Clothing Products,
5.70%
Chemical Products,
6.50%
Metal Products,
3.70% Steel Products,
2.70%
Non-metal Products,
3.20%
Others, 4.10%
Peru Export Products (2015)
General Consumer Products,
25.9%
Raw Materials/
Semi Finished Products,
30.0%
Industrial Products/
Construction Products,
40.4%
Others, 0.1%
Peru Import Products(2015)
Macroeconomic
16
No dependence in export / import with one country.
China22.0%
USA15.0%
SWZ8.0%Canada
7.0%
Japan4.0%
Brazil3.0%
Spain3.0%
Chile3.0%
Korea3.0%
Others32.0%
Principal Trade Countries (2015) Export
China22.9%
USA20.3%
Brazil5.0%
Mexico4.6%
Colombia3.5%
Korea3.4%
Chile3.2%
Germany2.9%
Japan2.7%
Ecuador2.6%
India2.5%
Argentina2.2%
Others24.2%
Principal Trade Countries (2015) Imports
Source : SUNAT
Macroeconomic
2010
Ranking Country
1 USA
2 Japan
3 China
4 Germany
5 United kingdom
6 France
7 Italy
8 India
9 Brazil
10 Canada
44 Chile
46 Peru
2050
Ranking Country
1 China
2 USA
3 India
4 Japan
5 Germany
6 United kingdom
7 Brazil
8 Mexico
9 France
10 Canada
26 Peru
32 Chile
Source: HSBC
17
In 2050, Peru is expected to be ranked in the top 30 largest economies.
World Ranking, estimated size of the economy 2050
Macroeconomic
4.3
13.8
19.2
24.0
44.7
32.4
73.7
66.7
60.8 72.7
72.9
125.1
111.5
158.3
62.9
114.5
1,722.3
2,775.3
7,649.7
139.2
56.7
39.5
15.4
10.2
11.8
6.5
6.0 3.7 3.7
1.0
1.5
2.5 3.5
1.5
1.1
3.9
6.7
0.3
2.1
4.7
2.7
2.9
3.2
4.4 3.0 3.5
0.1
1.0
10.0
100.0
1,000.0
10,000.0
Source : BCRP 18
Inflation Rate
The inflation rate is already controlled after the hyper inflation in the 80s.
Macroeconomic
Inflation rate: 2002 – 2016*(%)
Source: BCRP, IMF, Proinvesion
*Estimation
CPI- Latin America 2004- 2015(Annual Average Variation %)
CPI – Latin America 2015(Annual Average Variation %)
-5
0
5
10
15
20
25
30
35
40
45
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
20
15
*2016
Argentina
Brasil
Chile
Colombia
Mexico
Peru
11.8
6.14.6 4.5 3.8 3.2
Argentina Brasil Mexico Colombia Chile Peru
19
6.84.4 4.4
2.1
10.7
16.8
Colombia Chile Peru Mexico Brasil Argentina
Peru has one of the most stable inflation rate in LATAM.
Macroeconomic
0.77
1.25
1.992.2
2.252.45
2.66
2.93
3.38 3.49 3.51
3.52
3.483.41
3.33.27
3.13
2.92
3.01
2.832.75
2.642.7
2.97
3.5
3.3
0
0.5
1
1.5
2
2.5
3
3.5
4
91 92 93 94 95 96 97 98 99 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 *16
Source: World Bank
*BCRP, as of August 2016 20
FX Rate
Peruvian Soles ‘PEN’ fluctuation is basically parallel with natural resource prices.
From the 80s to early 90s, Peru fell into a serious inflation consequently the government of the moment executed denomination twice.
The first one was on 1985, during Garcia Government, changing the Sol to a new currency called Intis which is one thousand of one from Sol.
The second denomination was on 1991 executed by Fujimori Government, changing the Intis to Nuevo Sol (PEN) which is a one million of one
denomination.
Macroeconomic
FX rate in LATAM 2003-2014(Index, Base year 2005 = 100)
JP Morgan EMBI+(Basic points)
Source: CEPAL, BCRP, ProInversion 21
Peru has maintained stable exchange rates and its country risk remains lower than the regional average.
Macroeconomic
-8.5
-2.1
-3.6
-3.1
-2.0-1.4
2.8
0.5
-0.4
-2.5-2.2 -2.2
-1.5 -1.8 -1.3
-0.9
1.91.8
2.1
-1.1
0.51.3
2.0
0.7
-0.1
-2.1
-1.0
0
5
10
15
20
25
30
35
40
45
50
-10
-8
-6
-4
-2
0
2
4
6
90 91 92 93 94 95 96 97 98 99 2000 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 *16
Fiscal Balance (GDP)
Public Debt (GDP)
(%)
Source : World Bank、IMF - World Economic Outlook Databases
*Estimate
(%)
22
Peru Fiscal Balance
Solid Financial Management
Macroeconomic
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
*2016
Foreign Reserves
Foreign Debt
Source: BCRP
*June 2016
Source : BCRP
* June 2016
23
Peru Foreign DebtInternational balance of payments continues to stabilize and there is an ample foreign reserves
Trend of Foreign Reserves and Foreign Debt
Foreign
Reserves
Proportion b/w
Foreign Reserves
and Foreign Debt
Foreign
Debt
(Total)
Public Private
2000 8,657 30.1% 28,812 23,875 4,937 24,884 86.4% 3,928 13.6%
2001 8,980 32.4% 27,705 22,449 5,256 24,692 89.1% 3,013 10.9%
2002 9,721 34.2% 28,409 23,914 4,495 25,820 90.9% 2,589 9.1%
2003 10,241 34.0% 30,152 25,858 4,294 27,628 91.6% 2,524 8.4%
2004 12,664 39.9% 31,723 27,723 4,009 28,960 91.3% 2,772 8.7%
2005 14,171 48.0% 29,508 25,936 3,572 26,297 89.1% 3,211 10.9%
2006 17,441 59.5% 29,294 25,355 3,939 26,282 89.7% 3,012 10.3%
2007 27,785 86.2% 32,239 25,332 6,907 26,905 83.5% 5,334 16.5%
2008 31,241 90.0% 34,719 24,975 9,744 29,299 84.4% 5,420 15.6%
2009 33,225 88.9% 37,389 26,528 10,861 32,605 87.2% 4,784 12.8%
2010 44,214 104.9% 42,153 27,341 14,812 35,761 84.8% 6,392 15.2%
2011 48,913 108.7% 45,012 27,404 17,608 38,687 85.9% 6,325 14.1%
2012 64,155 118.5% 54,148 29,434 24,714 45,616 84.2% 8,532 15.8%
2013 65,766 116.0% 56,661 30,040 26,621 49,626 80.6% 9,335 16.5%
2014 62,308 96.6% 64,512 23,890 33,644 57,534 89.2% 6,978 10.9%
2015 61,529 90.2% 68,244 34,388 34,388 61,129 89.6% 7,075 10.4%
*2016 61,485 87.6% 70,153 28,518 34,180 62,698 89.4% 7,455 10.6%
Middle/ LongTerm Short Term
(US$ Million)
(US$ Million)
Macroeconomic
Country S&P Fitch Moody’s
Chile AA- (Stable) A+ (Stable) Aa3 (Stable)
Peru BBB+ (Positive) BBB+ (Stable) A3 (Stable)
Mexico BBB+ (Negative) BBB+ (Stable) A3 (Negative)
Brazil BB (Negative) BB (Negative) Ba2 (Negative)
Colombia BBB (Negative) BBB (Stable) Baa2 (Stable)
Bolivia BB (Stable) BB (Stable) Ba3 (Negative)
Ecuador B (Stable) B (Stable) B3 (Stable)
Venezuela CCC (Negative) CCC (N/A) Caa3 (N)
Argentina B- (Stable) B (Stable) B3 (Stable)
As of August 2016
24
Source: Ministry of Economic and Finance、Trading Economics
Investment RatingPeru is a suitable country for investment because of the healthy economy and the financial measures facilities.
Comparing principal LATAM Countries
Macroeconomic
Friendly Investment Environment
26
Friendly Investment Environment
Peru offers a favorable legal framework for foreign investment:
No 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.
No royalty restrictions on the remittance of funds.
Access to internal disputes settlement mechanism.
Peru participates in the Investment Committee of the Organization for Economic
Cooperation and Development (OECD) – which promotes the implementation of the
Guidelines for Multinational Enterprises.
* Investments that require authorization: Located within 50km in the frontier line and those destined to arms, ammunitions and
explosive. Likewise, a principal local partner for investments in maritime as well as in air transport required.
Source: ProInversion
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% (After 2019)
Royalty 30.0%
Withholding Tax4.99%*
(Intercompany Loan 30%)
Value Added Tax (VAT) 18.0%
Financial Transactions Tax 0.005%
27Source; ProInversion
Friendly Investment Environment
A Steady Tax Regime:
* Please confirm with your accountant the condition details in case you apply to pay Withholding Tax.
116
157
92
121
156
137
58
117
48
50
186
Argentina
Uruguay
Bolivia
Brasil
Surinam
GuyanaVenezuela
Colombia
Perú
Chile
Ecuador
.
100
Paraguay
28
2015-2016 Country
1 Switzerland
2 Singapore
3 United States
4 Germany
5 Nethelands
6 Japan
7 Hong Kong
8 Finland
9 Sweden
10 United Kingdom
11 Norway
12 Denmark
13 Canada
14 Qatar
15 Taiwan China
16 New Zealand
17 Unityed Arab Emirates
18 Malaysia
Country
19 Belgium
20 Luzemburg
21 Australia
22 France
23 Austria
24 Ireland
25 Saudi Arabia
26 Korea
27 Israel
28 China
35 Chile
57 Mexico
61 Colombia
69 Peru
75 Brazil
106 Argentina
132 Venezuela
Continuous effort to facilitate the establishment and operation of business.
Peru became on the 50th place on Doing
Business Ranking 2015 by World Bank
Global Competitive Ranking 2015 (140 countries)
WEF – World Economic Forum
The over-all judgement is based on inflation, management of the
macroeconomic, technical level, education standard, etc.Sources: World Bank, WEF, ProInversion
Friendly Investment Environment
MERCADO COMUN DEL SUR
Source: MOFA, Pacific Alliance, Mercado Comun del Sur, World Bank Doing Business, IMF 29
Comparison between Pacific Alliance and Mercosur
Pacific Alliance (ALLIANCE DEL PACIFICO)
Easy of Doing business 2015, World Bank
Pacific Alliance Mercosur
Inflation Rate (Average)
Economic Magnitude in LATAM
Friendly Investment Environment
Establishment On June 2012, the Framework Agreement was signed.
The members are 4 countries that have the most open economy structure.
All the affilliated countries are already signed the EPA or are in negotiation process.
Member Countries Peru, Colombia, Mexico, Chile
Observer Countries42 countries including Japan. Costa Rica and Panama are an observe countries base
on the premise of affiliation. (2015)
ObjectiveThe Promotion of economic integration, free trade of service and capital, free move
of people among the members.
Result92% of trade products are already under agreement regarding tariff elimination and
mutual assistance of consular affairs.
Overview/ Characteristic
Colombia 54 Uruguay 92
Peru 50 Paraguay 100
Mexico 38 Brazil 116
Chile 48 Argentina 121
Venezuela 186
Economic
Magnitude
Trade (Total)
Pacific
Alliance
35% 46%
Mercosur 57% 50%
Affiliated
Country
Population 2015
(million)
Nominal GDP
(US$ Billion)S&P EPA w/ Japan
Mexico 127 1,114.3 BBB+ (N) Issued
Colombia 48 332.3 BBB (S) On negotiation
Peru 31 192.1 BBB+ (S) Issued
Chile 18 240.2 AA- (S) Issued
Total 225 1,879
Affiliated
Country
Population
(million)
Nominal GDP
(US$ billion)S&P EPA w/ Japan
Brazil 207 1,772.5 BB- (S) No
Argentine 43 585.6 B- (S) No
Venezuela 31 169.6 CCC No
Paraguay 7 28.0 BB No
Uruguay 3 53.7 BBB- (S) No
Total 291 2,609
w/o Brazil 84 837
Pacific Alliance 4.42%
Mercosur Affiliate Countries 32.16%
LATAM 5.53%
World 2.77%
Australia China 1
Korea 1
Malaysia Singapore 1
Thailand Japan Brunel New Zealand Vietnam 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.
30
Friendly Investment Environment
Investment AgreementsPeru has signed and currently has in force Agreements for the Promotion and Reciprocal Protection of Investment
and Trade Agreements of further scope that includes investment chapters that underpin our liberalization policy.
It has also signed 8 agreements to avoid double taxation with Andean Community, Brazil, Chile Canada, Korea, Mexico,
Portugal and Switzerland Source: ProInversion
EXTRA CHAPTER
PERU Potential• Rich in Mineral and Energy Resources
---silver, copper, zinc, lead, tin, gold, natural gas
• Expansion of the consumer market--- expansion of the middle economy class / increase the access to finance
PERU Emerging
• High economic growth and solid financial management--- From 2002 to 2013, recorded 12 years consecutive of continuous high
growth.
--- According to a leading credit rating agency, the Peruvian sovereign rating
has a suitable level for investment.
PERU Recovery
• Recovery from terrorism and default after Fujimori
Government--- Security recovery goes 10 years before Colombia
• Solving problem of the external debt---Since 1997, Peru is maintaining a stable environment after the re-start of
funding from international market
PERU Unbounded
• Active promotion of FTA/ EPA
• Participation to TPP (Trans- Pacific Partnership)
• On June 2012, along with Mexico, Colombia and Chile
signed the framework agreement of the Pacific Alliance
32
Peru’s Characteristics and Attractions(by English Initials)
JAPANESE COMPANIES IN PERU
Sector Parent Company Subsidiary Branch Office InvestBussines
Activity
Trading
Mitsubishi Corporation
Mitsubishi Peru SA Trade
MC Inversiones Peru SACHolding
Company
MC Autos del Peru SA Automobile
Compañía Minera
Antamina SAMining
Anglo American
Quellaveco SAMining
Fosfatos del Pacifico SA Mining
Mitsui & Corp.
Mitsui del Peru SA Trade
Mitsui Automotriz SA Dealer
Mitsui Auto Finance Peru
SAFinance
Komatsu Mitsui
Maquinarias Peru SA
Construction
Machinery
PTS SA Tire
Compania Minera Miski
Mayo SACMining
Toyota del Peru SA Automobile
Marubeni
Lima Branch Trade
Zamine Service Peru SACConstruction
Machinery
Consorcio Agua Azul SA Water Service
Maquinarias SA Automobile
PERU LNG SA Gas
Toyota Tsusho Lima Office Trade
Sumitomo CorporationSumitomo Corporation del
Peru SATrade
Summit Agro South
America SPA, Peru BranchAgrochemical
(Cerro Verde SA) Mining
Itochu Lima Branch Trade
Sojitz
Lima Branch (Sojitz
America)Trade
Sojitz Arcus SACElectrical
Machinery
Maker
Toyota Toyota del Peru SA Automobile
Honda Motor Company Honda del Peru SA Automobile
Panasonic Panasonic Peruana SAElectrical
Machinery
Sony Sony Peru SRLElectrical
Machinery
Ajinomoto Ajinomoto del Peru SA Food
Mayekawa Mycom Peru SACRefrigeration
Compressor
Sector Parent Company Subsidiary Branch Office InvestBusiness
Activity
Maker
Makita Makita Peru SA Electric
Tools
BridgestoneBridgestone Off-The-Road Tire Peru
SACTire
Toshiba Toshiba del Peru SRLElectrical
Machinery
Yamaha Yamaha Motor del Peru SA Motorbike
Seiko Epson Epson Peru SAOffice
Supply
Brother Industries Brother International del Perú SACOffice
Supply
Juki Lima Branch (Juki America)Sewing
Machine
Yokogawa Electric Peru Branch (Yokogawa Brazil)Electrical
Machinery
Takeda Pharmaceutical Takeda SRL Medicine
Nipro Peru Branch (Nipro America)Medical
Appliance
NEC Peru Branch (NEC Colombia)Electrical
Machinery
Ricoh Ricoh del Peru SACOffice
Supply
Mining
Mitsui Mining & SmeltingLima Branch Mining
Compania Minera Santa Luisa SA Mining
Sumitomo Metal Mining Sumitomo Metal Mining Peru SA Mining
Cerro Verde SA Mining
Pan Pacific Copper
Pan Pacific Copper Exploration Peru
SACMining
Compania Minera Quechua SA Mining
Mitsubishi Material
MM Mineral Resources SAC Mining
Compania Minera
Zafranal SACMining
Other
K Line K Line Peru SAC Transportation
MOL MOL (Peru) SAC Transportation
Nakayama Shoten Nakayama del Peru SAC Textile
Watts Watts Peru SAC Goods
Taiyo A&F Sakana del Peru SA Fishery
SankyoIntegrated Global
Logistics SALogistic
Tokura Corporation Lima Office Construction
Nihon Koei Lima Branch (Nihon Koei Panama) Consultant
NJS Consultant Lima Office Consultant
MUFG Lima Rep Office Finance
SMBC Lima Rep Office Finance
MSIG Lima Office Finance
Bank of Tokyo – Mitsubishi UFJ
Mexico New York Subsidiary, Mexico Representative Office
Leon Office
Peru Representative Office in Peru, The Bank of Tokyo – Mitsubishi UFJ, Ltd
Av. Victor Andres Belaunde 214 Of.302
San Isidro, Lima PERU
Tel : 51-1-213-6900
E-mail: [email protected]
Colombia
Colombia Representative Office
Venezuela Caracas Representative Office
Chile Santiago Branch
Argentina Buenos Aires Branch
Brazil
Banco de Tokyo – Mitsubishi UFJ S.A. Sao Paulo Head Office
Rio de Janeiro Office
Mexico City
Caracas
Bogota
Lima
Santiago
São Paulo
Rio de Janeiro
Buenos Aires
35
Global Network in Latin America