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OECD Investment Policy Reviews: Peru 2008

image of OECD Investment Policy Reviews: Peru 2008

In July 2008, Peru became the 41st country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. This review, undertaken as a part of Peru's adherence process, show the country's achievements in establishing an open and transparent regime with a limited number of restrictions, enabling Peru to rank among the most open economies.  Recent government initiatives seek to further reduce administrative barriers to investment, streamline and simplify investment incentives, and promote responsible business conduct practices.

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Peru's External Economic Relations

Alongside dynamic economic growth, foreign direct investment inflows have been rising since 2005 and reached USD 5.4 billion in 2007, an increase of more than 50% compared to 2006. Foreign investment has played a growing role in Peru’s recent development by stimulating its exports, providing new job opportunities and improving the quality of services and infrastructure. Peru pursues active international investment diplomacy and has become member of a number of regional and bilateral agreements.

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