Peruvian exports amounted to $3.65 billion in March 2021, 32.5% more than the same period in 2020, said the Lima Chamber of Commerce (CCL). Eight out of the ten major destinations showed a positive growth. They include China, South Korea, Canada, Japan, India, the Netherlands, Switzerland, and Spain. The largest export amount was $1.08 billion, in sales to China, which cemented its position as the top destination for Peruvian exports.
The Camisea Consortium will allocate a fund of approximately $39 million over the next three years to promote the use of natural gas for vehicles (NGV) in cars with engines dedicated to this fuel, in the segment of passenger and cargo transport in Lima and Callao. It is estimated that less than 3% of vehicles run on NGV and that the savings for carriers by migrating from diesel to NGV would be around 50%. The programme will incorporate more than 3,000 units.
The government allocated S/45.32 million ($11.97 million) to purchase and distribute free surgical masks and cloth masks to the population in vulnerable situations. Emergency Decree No. 042-2021 declares textile face masks and disposable surgical masks for community use as "public goods", in the framework of the health emergency created by COVID-19.
The Ministry of Agriculture from the Dominican Republic has adopted a series of preventive measures to protect local banana production from a fungus that affects countries in the region. This means it has suspended the importation of roots, tubers, rhizomes, or corms and planting material of Musaceae from countries affected by the Fusarium Foc TR4 fungus disease. Given the presence in Colombia and - recently - in Peru of the Fusarium TR4 fungus, phytosanitary surveillance in ports, airports, border posts and farms has been intensified.
Sales of electric and hybrid vehicles grew 41% in the first quarter of this year, according to the Peruvian Automotive Association (AAP). According to Karsten Kunckel, president of the association, 206 cars were sold and this year they expect to exceed one thousand units. In 2020, 578 eco-friendly vehicles were sold, 58% more than in 2019 (366 units), which represents an upward trend in the national market.
As part of the Peruvian Government's strategy to make the production sector inclusive, innovative and sustainable, Produce is helping to fund around 2,500 innovation and entrepreneurial projects with almost 100 million soles ($26.5 mn). The initiative is mainly destined to small companies and startups.
Argentinean online marketplace Mercado Libre will be working with the Ministry of Production in order to digitalise 5,000 micro and small companies. The aim of this alliance is the move from traditional shopping to online shopping and the enablement of digital payments.
Sunat, the Peruvian tax and customs authority, reported that over 120,000 people had already obtained their digital tax number on their mobile phone or computer, therefore allowing them to access employment or start a business.
After 10 years of research, Peru's National Institute for Agricultural Innovation introduced the 440-Kanchared flour wheat, resistant to crop disease and water stress. This new wheat variety of excellent quality has a yielding capacity of up to 5,000 kg per hectare, that will help small producers increase their revenues.
During the Week of Intellectual Property, Indecopi reported that the removal of the fees to register a collective brand generated a 9 million soles ($2.38 mn) saving for entrepreneurs and artisans. The decision to eliminate this tax should also help reactivate the economy of these sectors.