The government announced the creation of a web platform to facilitate and accelerate the formalisation of around 6,000 entrepreneurs' activities in 2021. The new formalisation process will take around one week and will almost entirely be done from home. This decision is also part of the plan to protect Peruvians from COVID-19 by reducing physical interactions.
The Chambre of Commerce announced that e-commerce sector in Peru grew by 50% in 2020, reaching $6 billion. Retail was mainly responsible for this increase as it grew by 250%, whereas online tourism sector fell by 75%. 90% of online purchases originate from Lima.
The Energy and Mining Ministry announced that its gap closing plan for the oil sector in Loreto region had begun with 118 interventions supported by a 215 million soles ($58.25 million) investment. The initial works include 21 drinking water and water treatment projects.
According to a recent FocusEconomics report, Peru is expected to lead the way for retail sales in Latin America with a 12.8% increase in 2021 and a 4.8% increase in 2022. Chile, Mexico and Brazil should follow Peru in retail sales growth over the next two years.
The government announced that non-traditional exports had reached $1.29 billion for their sixth month of consecutive growth. In January, 3,014 companies exported goods, particularly from the fishing, agricultural, chemical, and textile sectors.
Spanish companies showed interest in 19 infrastructure and energy projects in Peru covering 2021 and 2022 and requiring a $6 billion investment, according to the Agency for Promotion of Private Investment. The initiatives in question include a peripheral road worth $1.96 billion, Ancón industrial park worth $750 million, works for drinking water supply in Lima worth $480 million and two new hospitals worth $300 million.