Message from AmbassadorsPeru:
A reliable partner
in Latin America with growth potential
Elard EscalaAmbassador of Peru to Japan

Despite of the current international economic stagnation, Peru has a record average of inclusive
growth among the emerging markets, during thelast 14 years. Since long ago, Peruvian government
maintains a prudent management in the use of fiscal resources. The savings generated in these boom
years are being zealously invested in new infrastructure projects, which are changing the landscape of the country, such as the Lima Metro Line,transport and communications concessions, ports,huge irrigation works, etc. Improvement in country’s risk level, open trade policy, deep integrationand market access, favorable climate for doing
business and wide growth potential for many economic sectors, determine the increasing flow of
new foreign investment to Peru.

According to quarterly survey conducted byGetulio Vargas Foundation (FGV) of Brazil, together with the Institute of Economics Studies ofMunich (IFO), Peru improved his ranking position
from third place (July 2013) to second place(October) as the country with the 10 better conditions to do business in Latin America. World Bank
assigned also to Peru the second best place to dobusiness in Latin-American region. Also Fitch
Ratings on October 23 rd 2013 upgraded Peru’s
credit rating one notch higher into investmentgrade territory. Fitch raised Peru’s long-term foreign issuer default ratings to BBB-plus from BBB,
citing “continued pragmatism” and “steadyprogress on reforms”. Fitch upgraded the country
ceiling to A-minus from BBB-plus and the longterm local currency to A-minus from BBB-plus.

岸田文雄外務大臣とエラルド・エスカラ駐日ペルー大使（2013年４月、岸田大臣のペルー訪問に先立ち外務省にて）ペルーの首都リマ

22014.1

Fitch’s new rating for Peru, following an upgradefrom Standard & Poor’s to BBB-plus in August,places the Andean country above Mexico andMoody’s rates the country Baa2 with a positive
outlook.
However, as noted by Peruvian President Ollanta
Humala, Peru not only promotes growth, but alsosocial progress. Therefore, new social programs
have been implemented to support the elderly,
children under three years, scholarships for students, and better minimum living wage.
At the international level, Peru has been actively
participating in the TPP negotiations and is also adynamic member of the Pacific Alliance, whichlinks it with Mexico, Colombia and Chili. Japan
government has sent some experts to Peru in order
to identify investment opportunities to be discussed in a meeting between the high level groupof the Pacific Alliance and Japan this year.
During the past year, the relationship with Japan
has continued to strengthen through the official
visit to Japan of President Ollanta Humala in May
2012. Several mutual visits at ministerial level
have been made, among which outstand that of theMinister of Foreign Affairs, Fumio Kishida, toLima on April 30 th and May 1st 2013. In addition,on last May 9 th , an investment road show took

place in Tokyo, organized by the Embassy of Peru
in Japan and the Peruvian Private Investment
Promotion Agency, in order to bring first-hand information to large Japanese corporations on abroad portfolio of investment projects. A secondroad show will take place in Tokyo this year to talkabout business opportunities in fisheries, mining,agrobusiness,energy, clothing, petrochemicals,tourism,outsourcing, real estate, and transport infrastructure.
Last year was particularly important for JapanPeruvian relations, because August 21st, Peru andJapan commemorated 140 years since the establishment of diplomatic relations. In this context,
the “Business Committee Peru-Japan (CEPEJA)”
celebrated on August 20 th his annual meeting in
Lima with positive results and a good outlook for
new ventures.
Viewing this long tradition of tangible friendshipbetween the two countries and the fact of sharing
so many common values, I am able to predict apromising future for our deep partnership in all areas, and of course in everything related to the interaction due to the presence of Japanese andNikkei community resident in Peru and thePeruvian community in Japan.

JOI 特別会員『ペルー政府貿易日本事務所』の ご紹介
ペルー政府貿易日本事務所（ペルー大使館商務部）はペルー貿易観光省の所轄であり、日本市場の重要性を鑑み、2010年 6 月に駐日ペルー大使館内に開設されました。ペルーの輸出促進およびペルーへの投資・観光の推進を目的として業務しております。両国間の貿易やビジネスを活発化するため、日本企業への情報提供や、ビジネスチャンス増進のためのセミナーや講演会を開催しております。
ルイス・エルゲロ商務参事官が任務しておりますので、下記へご照会ください。

Luis Helguero, Commercial Counsellor
lhelguero@embperujapan.org
TEL: 03-3406-6486 (direct) / 03-3406-4243

FAX: 03-3409-7589

2014.13