33% of Peru’s mining investment portfolio worth US$19.189 billion was directly linked to Chinese enterprises in 2015.
The figure proves the Asian country’s interest in developing related projects in the Inca nation, EY Country Managing Partner Paulo Pantigoso said on Tuesday.
"Trade and investment relations between China and Peru are mainly focused on the mining sector, whose exports remain on positive trend, regardless of lower international prices," the officer indicated.
Over recent years, metals such as copper, iron and gold managed to account for 60% of total Peruvian exports.
Contribution
The U.S. also contributed to expanding the national mining sector last year, with investments worth up to US$10.135 billion, accounting for 17.4% of the total.
Canada comes next with a participation of 16.9%, followed by the U.K. (7.4%) and Mexico (7.1%).
China's presence
Likewise, Pantigoso noted that Chinese companies hold significant presence in hydrocarbons and commercial fishery sectors.
As at October 2015, more than 170 Chinese enterprises had established branches in Peru.
(END) SDD/JJN/HMC/MVB
Published: 5/24/2016