Oct 2 Peru will adopt additional measures to
help exporters if the global slowdown deepens, Finance Minister
Luis Miguel Castilla said on Tuesday.
He did not offer specifics. In June he had introduced a
dozen measures to help struggling exporters, from credit
guarantees to streamlined customs procedures.
"If the problem becomes more acute other measures will be
used," Castilla said.
Peru's economy is on track to grow 6 percent this year, the
fastest pace in South America, as strong domestic demand offsets
Exports fell 25 percent in August to $3.5 billion from the
same period a year ago and are down 5 percent so far this year
as prices slip for minerals. Peru is a top metals exporter.
The country has one of the world's most aggressive
free-trade agendas, with trade deals ranging from China to the
United States and Europe, and it is trying to diversify its pool
of trading partners.
At a summit of Arab and South American leaders, Peru signed
a cooperation pact with the Gulf Cooperation Council that could
lead to a fuller free-trade agreement. The Gulf Cooperation
Council includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and
United Arab Emirates.
(Reporting by Omar Mariluz; Editing by Leslie Adler)