Latin America & the Caribbean
Opportunities for UK companies
Peru
The UK is the largest foreign investor in Peru. Key export sectors for the UK in Peru include health and life sciences, mining, sustainable infrastructure and security. UK/Peru bilateral trade was worth £646m in the four quarters to the end of Q3 2020[1].
Market Detail
The UK and Peru have a broad trading relationship, and UK products and services are recognised for quality and innovation. The UK and the Andean countries (Colombia, Peru and Ecuador) signed a Trade Continuity Agreement with the UK in 2019, guaranteeing the continuation of trade, as the UK left the EU.
Peru offers significant opportunities for UK companies across a wide range of sectors including mining, infrastructure, healthcare and life sciences , food and drink, automotive, security and clean energy.
UK businesses exporting to Peru will find:
- Strong free trade policy
- UK/Andean Trade Agreement currently enables most UK products to enter the country duty free
- Host to the largest mining companies in the world due to its significant copper mines and related industry
- UK is Peru’s delivery partner under a new G2G agreement to rebuild facilities damaged in the 2017 El Niño floods
- Growing demand for defence and security services and technologies from the UK
- Increasing health insurance penetration rates and a significant interest in diversifying and enhancing the Peruvian healthcare capabilities
- A young growing middle class
Opportunities in Peru for UK companies:
- Defence and security
- Infrastructure
- Life Sciences
- Mining
