Non-traditional Exports Remain Strong Despite US-China Trade War

According to Edgar Vasquez, Foreign Trade and Tourism Minister of Peru, non-traditional exports remain solid and strong, despite the trade war between the United States and China. He also claimed that Peruvian economy is one of the most stable around the globe and that -according to international organizations- it is one of the best prepared to endure any dispute that may result in a trade slump.

This strength is reflected by a 7% increase in non-traditional products shipments during the first quarter of the present year. According to the minister, this is because of the solid economic foundations that the country has and the stability of the public debt, which make Peru a country with high credibility. “In 2018, Peru expanded 4% when the Latin American economy was almost in recession, and this was true

not only last year, since in the last years the country has always grown two percentage points faster than the Latin American average,” the minister added.

Fuente: Andina

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