The economic measures that could be implemented in the short term by the US president, Donald Trump, could favor Peru. But there are several factors that have to be assessed, said the president of the Exporters Association (Adex), Juan Varilias.
"The US economy is expected to have a greater recovery. In fact, mineral prices have already began to improve. That would be a positive thing for Peru," he said.
He also said they expected an increase in interest rates and the strengthening of the dollar, which would impact the sector as the Sol would devalue and the cost of credits to the sector would increase (since exporters take it in dollars).
Varilias said there was a possibility that the government of Donald Trump would apply protectionist measures against certain countries, but that Peru wouldn't be one of those countries. He said those new policies could affect other economies, such as Mexico, China, and the European Union and that they might lift restrictions on Russia.
In 2015, Peru was ranked the 41st global supplier for the US. The ranking was led by China and Canada, which together accounted for 35% of the total.
Latin American suppliers were led by Mexico (which ranked third place overall), followed by Brazil (17) which accounted for 1.2% of the total, Venezuela (25), Colombia (26), Chile (32) and Ecuador (34).
In turn, the Department of Economic Studies of Adex said that the trade war with China, which was announced by Trump, would have a positive effect on Peruvian exports of manufactured goods.
Source: andina.com.pe