18:46 | Lima, Oct. 02 (ANDINA).
Peru is open for investments in all sectors, Prime Minister Juan Jimenez Mayor said Tuesday during the South American-Arab Countries Summit (ASPA) in Lima.
"The Republic of Peru enjoys political and social stability, as well as a stable and diversified economy, which makes it an attraction for foreign investments," Jimenez noted in a speech at the closing ceremony of the ASPA Business Forum, part of the Third South American-Arab Countries Summit, which concluded today.
On his part, Peru's Minister of Economy and Finance, Luis Miguel Castilla, said economic ties between Peru and Arab countries could grow significantly during the next few years, adding that last year, trade with these countries amounted to US$242 million "and still we have great potential ahead," he was quoted as saying by Kuwait's state news agency Kuna.
"Peru's current performance is very favorable, perhaps the best of the last 60 years. We have the highest growth rate in Latin America, primarily due to fast growing private investment and a consumption boom," noted Castilla.
"Our country has solid macroeconomic fundamentals that will sustain high GDP growth in a context of low inflation," he added.
(END) INT/EEP
Published: 10/2/2012