September, 2014 Peru – Greece Trade Opportunities

September, 2014

Peru – GreeceTrade Opportunities

¿Why invest in Peru?

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1. Internationally acknowledged macroeconomic soundness

2. Friendly investment environment

3. Open trade and market access policy

4. Attractive sectors to Invest

Source: IFM, World Economic Outlook Database, Oct. 2013

GDP constant prices

%

ch

an

ge

Peru is one of the most dynamic economies in the world

* Estimated figures

*

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Source: Central Bank of reserve of Peru, CRP, MEF, IMF – WEO Oct. 2013LA6 : six Latin American countries that have adopted a formal inflation targeting framework and have relatively more developed domestic capital markets.

LATAM GDP Growth and inflation (2004 -2013)

Total Investment LA 6 2013 (% GDP)

Peru’s macroeconomic performance over the last decade has been exceptional

Uruguay

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Peru offers a favorable legal framework for foreign investment

*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.

Fuente: Proinversión

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Peru Chile Colombia Mexico Brazil

2014 2014 2014 2014 2014

Doing Business 42 34 43 53 116

Starting a Business 63 22 79 48 123

Dealing with construction permits 117 101 24 40 130

Registering Property 22 55 53 150 107

Trading across borders 55 40 94 59 124

Protecting investors 16 34 6 68 80

In 2014, Peru is at the 42 position in the Doing Business Ranking

Source: Doing Business 2014, World Bank. Analysis of 185 countries

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Positive Outlook for Peruvian exports in the long term(U.S. $ million)

Source: SUNAT

Towards 2016 Peru will double its exports, triplicate non-traditional exports, and double the number of exporters

20 years for doubling exports

Between 2000 and 2006, we tripled our exports

Over the period 2007 - 2011 we doubled our exports

5 000 to 20165 000 to 2016U.S. $ 2 730 to 2016U.S. $ 2 730 to 2016

US$ 10 981 M Non-Traditional ExportsUS$ 10 981 M Non-Traditional Exports

4 660Products exported

4 660Products exported

U.S.$ 1 370Exports per capita

U.S.$ 1 370Exports per capita

8 133Exporters8 133Exporters

The Peruvian export success creates a dynamic effect on the rest of the national economy (2013)

8Source: SUNAT

Open Trade and Market Access

Agreements in forceAgreements signedAgreements under

negotiation

+ 2 500 millions of consumers

+ 55 world economies

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

+ 95% of Peruvian exports with trade preferences

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Enlargement of Trade Agreement NetworkUS Millions Dollars

2012 2013 Flow 2012 2013 Flow 2012 2013 Flow1 3 United States 6 331 7 380 1 049 3 712 4 729 1 016 2 619 2 652 332 2 China 7 841 7 341 - 499 7 510 6 978 - 532 331 364 333 1 European Union 8 121 6 857 -1 264 6 227 4 850 -1 377 1 894 2 007 1134 4 EFTA 5 141 3 013 -2 128 5 097 2 983 -2 114 44 29 - 145 5 Canada 3 448 2 699 - 749 3 341 2 567 - 774 108 132 256 7 Andean Community 2 411 2 372 - 39 376 392 16 2 034 1 979 - 557 6 Japan 2 571 2 227 - 344 2 440 2 094 - 347 131 134 38 9 MERCOSUR 1 644 1 903 259 1 059 1 345 286 585 557 - 279 8 Chile 2 030 1 671 - 359 1 323 925 - 397 707 746 39

10 10 South Korea 1 546 1 541 - 5 1 453 1 461 8 93 81 - 1211 11 Venezuela 1 213 800 - 412 35 32 - 3 1 177 768 - 40912 12 Panama 496 622 126 372 505 133 124 117 - 713 13 Mexico 417 509 93 173 252 80 244 257 1314 14 Thailand 234 141 - 94 185 54 - 131 49 86 3715 15 Costa Rica 59 50 - 9 10 6 - 4 49 44 - 616 16 Singapore 22 21 - 1 7 5 - 2 15 16 117 17 Cuba 17 19 1 8 7 - 1 10 11 2

43 543 39 167 -4 376 33 328 29 186 -4 142 10 214 9 981 - 234Total Exports with a FTA

Traditional Exports No Traditional ExportsCountry /Region with a Trade Agreement

Rk 2012

Rk 2013

Total Exports

Source: Sunat. Elaboration: Market Intelligence – PROMPERU


Trade RelationPeru - Greece

Commercial trade grew at with an average annual rate of 12,2% during the period 2009-2013 13

Greece is our 16th trading partner in Europe and the 62th in the world (2013)

(*) 2014: January – June.



Imports from Greece grew at an average annual rate of 14,2% between 2009 and 2013

Evolution of Peruvian imports from Grece (U.S. $ million FOB)

Top Imported Products2013

• Jams, fruit jellies, marmalades, fruit puree

and pastes of other fruits (US $ 4.1 million)• Printed books, brochures and similar

printed matter (US$ 2.5 million) • Peaches Incl. nectarines, prepared or

preserved, containing no spirits but with

added sugar (US $ 1.1 million) • Artificial guts (Excl. those of hardened

protein or cellulose materials)(US $ 0.7

million)

• Marble, travertine and alabaster articles

thereof, with a flat or even surface (US $

0.6 million) 14(*) 2014: January – June.



Traditional exports from Peru to Greece increased by 14,4% between 2008 – 2013.

Top Traditional Products2013

• Fishmeal (US$ 9.1 millions )

• Copper (US$ 0.6 millions )

• Coffee (US$ 0.2 millions)

Traditional exports were not registered in 2014 (Jan – Jun)15

Traditional Exports(US$ Millions FOB)



Non traditional exports from Peru to Greece accounted US$ 3 millions in 2013

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Top Non Traditional Products 2013 (US$ Thousands FOB)

• Fungicide preparations based on copper

compounds ( US$ 1 091)• Prepared or preserved Tuna (US$ 487)• Frozen Squid (US$ 297)• Dried, shelled cow peas, whether or not

skinned or split(US$ 246) • Salts of inorganic acids or peroxoacids

(US$ 124)• Copper sulfate(US$ 100)

Non Traditional Exports(US$ Millions FOB)

(*) 2014: January – June.



Between 2009 - 2013, tariff items exported to Greece decreased by 13,4%

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2013: 37 ítems corresponded to Non Traditional Exports



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33 Peruvian companies exported to Greece in 2013

2013: 26 companies corresponded to Non Traditional Exports

TYPE OF CIA QT FOB (US$)MEDIUM 3 10,369,459

SMALL 5 1,481,701MICRO 25 963,394



Trade Opportunities in Greece

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Chemical Sector

Peru: Indicators of the chemical sector in the Greek market - 2013

• US$ 1,6 millions (-1,6%)• 8 exporters • 9 tariff items exported

Top / Major export destinations – 2013

Source: Sunat. Elaboration Inteligencia de Mercados – PROMPERU

Source: Sunat. Elaboration Inteligencia de Mercados – PROMPERU

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Peru: Indicators of the Fishery Sector in the Greek market – 2013

• US$ 785 Thousands (+33%)• 5 export companies• 2 tariff items exported

Main Destinations of Peruvian Fishery exports – 2013

Fishery Industry



Peru: Indicators of the Agribusiness Sector in the Greek market – 2013

• US$ 294 Thousands (-69,3%)• 7 export companies • 9 tariff items exported (+500%)

Agribusiness Industry

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Main destinations of Peruvian agribusiness exports – 2013

September, 2014

Peru – GreeceTrade Opportunities

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September, 2014 Peru – Greece Trade Opportunities