India aspires to become a world power, what opportunities does Peru have with its exports

Published May 3, 2021

Tridge summary

Peru is exploring the potential of exporting several products to India, despite the delay in Free Trade Agreement (FTA) talks. The Indian market, with its large population and growing economy, presents a significant opportunity for Peruvian exports, particularly in mineral and energy products, and agricultural goods. In 2019, India imported over $1.787 million from Peru. The country has been a major destination for Peruvian exports since the establishment of the PROMPERÚ Commercial Office in India in 2014, with value-added exports exceeding $16 million in 2020. Peru is currently a key supplier of gold, silver, and copper to India.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Luis Cabello, commercial economic advisor of Peru in India, detailed a series of Peruvian products that could be successful in the Asian country. He commented that the talks for a Free Trade Agreement (FTA) are on hold, but an eventual elimination of tariffs would favor Peruvian exports. Several economic analysts have referred to India as the "China of 2050". That is, they predict that the Asian country with 1,366 million inhabitants will become a world power. For Rafael Zacnich, manager of economic studies at ComexPerú, due to its large population and the limitation of natural resources, said country represents a market with great potential for Peru to enter not only with mineral and energy products, but also with agricultural products. To find out more about this issue, this newspaper contacted Luis Cabello, Commercial Economic Counselor of Peru in New Delhi, India. In effect, he pointed out that in recent years, Asia has experienced the highest economic growth at the ...

Source: Agroexportaciones