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 | | The U.S.-Peru Trade Promotion Agreement (TPA) has significantly boosted exports of Peruvian agricultural products such as avocados, asparagus, fresh grapes, mangoes, among others. |
Peruvian non-traditional exports to the United States have grown 40 percent in the five years since a bilateral free trade agreement came into effect, according to Trade and Tourism Minister Magali Silva.
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 Peru's private investment promotion agency ProInversi�n has prequalified three consortiums for the US$5.701bn construction, operation and maintenance of line 2 of Lima's metro, according to a press release from ProInversi�n. Technical and economic offers are still due February 21, with ProInversi�n aiming to award the tender for the 35-year concession February 28.
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 Being a member of the Pacific Alliance trading bloc will help insulate Peru from the vagaries of the world economy, according to Peru's largest business association Confiep. "Of course it will protect us from the global economic swings, because it is a common front to negotiate with strong economies and to neutralize the supply and demand shocks that may occur in the future," said Alfonso Garcia Miro, head of Confiep.
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 The Pacific Alliance (Spanish: Alianza del Pac�fico) is a Latin American trade bloc, with some features of further integration. Its current member states are Chile, Colombia, Mexico and Peru. The organization's goals include free trade and economic integration among the member states, as well as a visa-free travel area, a common stock exchange, and common diplomatic representation. Check out our publication, plenty of facts. [Click on the image]
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 Peruvian President Ollanta Humala met Tuesday with United States Trade Representative Michael Froman at the Government Palace in Lima. During the meeting, they discussed a variety of issues including the international situation and the ongoing negotiations toward the Trans-Pacific Partnership (TPP) agreement.
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 It is not usual to hear Chileans praising their Peruvian neighbours, especially when the matter in question is the copper industry, Chile's most precious resource, which accounts for 60% of the nation's exports and 20% of its GDP. But Juan Carlos Guajardo, the Chile's Centre for Copper and Mining (CESCO) director, told Peruvian newspaper Gesti�n (in Spanish) that the production gap between the two mining countries is "set to narrow," as Peruvian copper projects are solid, competitive and less costly in terms of energy needs.
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 Pacific Rubiales Energy Corp. today announced well test results from the Los Angeles-1X well located in Block 131 and an update on its Block 126, both located in the onshore Ucayali Basin in Peru. The Company gained its interest in both blocks through the Petrominerales Ltd. acquisition completed in late 2013.
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 The Peruvian southern Ica region is set to export 80 percent of its table grape production, 85,000 tonnes, this season, Ica's Regional Agricultural Management has announced. "Ica planted about 6,500 hectares of table grapes for export, which produce an average yield of 20 tonnes per hectare. However, not all of it is exportable," said Jose de la Cruz Martinez, Information Director at the institution.
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 Peru's government has reaffirmed its commitment to meet its coca eradication target for 2013 which is set at 30,000 hectares in the Valley of the Apurimac, Ene and Mantaro Rivers (VRAEM) region in southern Peru, it was reported Tuesday.
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 Premier Cesar Villanueva said Monday that the growing demand for Peruvian cacao could help boost development in remote, jungle regions where drug trafficking and illegal mining currently play a major role.
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 The European Union (EU) has reached a Schengen visa waiver agreement with Peru and Colombia, thus allowing these countries' citizens visa-free travel to any of all the 26 Schengen states, it was reported Tuesday.
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 Electronic passport with stronger security measures will be required for Peruvian citizens wishing to take advantage of lifted visa requirements. Though visa requirements for Peruvian and Colombian traveling to the Schengen Area of Europe have not been officially lifted yet, the European Union has expressed its intention to do so.
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 The British Council, the United Kingdom's official cultural relations organization, is reopening its office later this year. According to a press release from the British Council, the organization was present in Lima until 2006, when the branch was closed. The British Council, a charity which raises a significant portion of its revenue through English teaching, may have been motivated to return because of the increasing demand for quality English lessons.
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Women as micro and small entrepreneurs have increasingly become a key target group for micro-finance programmes. Providing access to micro-finance is considered a precondition for poverty alleviation, but also for women's empowerment. As poor women are increasingly recognized to be better borrowers, they are starting to become of interest also to regular financial institutions. But despite the proven positive impact of providing microfinance services to female entrepreneurs in the informal sector, microfinance is just one tool among others to address the multiple causes of poverty, unemployment and social exclusion. [CLICK ON THE IMAGE] |
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In its long-awaited ruling on January 27th the court duly awarded Peru control of some 50,000 sq km of ocean but confirmed Chile's hold over inshore waters rich in fish. The decision was arbitrary but broadly fair-less than Peru had hoped for, but less bad than Chile had feared. It offers both countries a chance to move on from the past, but only after what is likely to be months of wrangling over how to implement the ruling.
The upshot is to extend Peruvian waters, but only in the high seas. Most of the fish in the disputed waters-mainly Pacific pilchard and mackerel, worth more than $100m a year-will stay in Chilean waters. That was greeted with relief in Chile, whose government feared having to compensate the fishermen of Arica and Iquique for lost catches. Further out to sea, Peru will gain access to some extra swordfish, tuna and giant squid.
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Following the ruling of the International Court of Justice in The Hague on the maritime boundary between Chile and Peru, the president of the National Fisheries Society (Sonapesca), Rodrigo Sarquis, said "it's never good to lose fishing grounds."
"It is undeniable that The Hague ruling limits catch authorizations for the industrial and artisanal sector," admitted the fishing leader.
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 We arrived in the city of Ica - the capital city of the Ica region - and we immediately set out to find a taxi that would bring us to Huacachina. It was only a matter of minutes before a local taxi pulled up, offered us a reasonable rate, and began the shuttle to our destination. Huacachina is a small village town not far from the city of Ica, serving as home to only 96 residents, according to the official website. The town itself is built around a desert oasis known as the "oasis of America," complete with cool waters and sprawling palm trees, and is proudly featured on the back of the Nuevo Sol fifty note.
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 "Stay at Loki." That is what my British-Lime�o surfer buddy told me. And that is what I would tell any other adventurer looking for a lively, best value stay in M�ncora. Since moving to Lima in January of this year, M�ncora was my first choice, just two hours south of Ecuador, warm and sunny year round. Not to mention, it's a huge surfing destination. We finally decided on dates and booked our bus tickets with Oltursa for Nov 30. through Dec 8.
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 The number of luxury travelers visiting Peru is projected to climb 9 percent in 2014 compared to 7 percent last year, according to the National Chamber of Tourism (Canatur). Carlos Canales, head of Canatur, said that these visitors spend on average US$ 7,000 per day on exclusive services in the Andean country.
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 It was late Friday afternoon before Labor Day weekend when Fernando Palazuelo reached the head of the line at the tax collection window of the treasurer's office in Wayne County, Mich. He had traveled 3,700 miles from Lima, Peru, to make a simple request. "I am interested in buying the Packard plant," he said. "And I want to speak to the man in charge." A few minutes later, he was ushered in to see Raymond Wojtowicz, the 84-year-old county treasurer responsible for tens of thousands of foreclosed properties in the bankrupt city of Detroit.
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 A nanosatellite designed by students and staff at Lima's Universidad Nacional de Ingenier�a (National Engineering University, UNI) will be sent into space today from the Baikonur Cosmodrome in Russia. According to Andina news agency, the satellite, Chasqui I, will be taken to the International Space Station on the Progress M-22M shuttle. Chasqui I will not be put into orbit until the end of March, when astronauts will be in the right location to release the equipment into orbit.
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 Human rights group Amnesty International is calling on Peru to reopen a case against former government officials who were accused of forcefully sterilizing thousands of indigenous women between 1996 and 2000. Peru's Judiciary said last month that it would not pursue criminal charges against the high-ranking former officials due to a lack of evidence that they knew how the program was being implemented.
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 It may be a hot and sticky summer in Lima, but some of the southern highland regions of Peru are seeing temperatures that wouldn't be out of place during a northern hemisphere winter. Cusco, Tacna, Puno, Arequipa, and Moquegua will see extreme temperatures over the next day, reports Peru's national weather service.
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