You are here: Home › Peru 2019

Field Updates from Peru

One hundred and twenty years ago, the first Japanese immigrants arrived in Peru in search of more fertile pastures. Since then, the ethnic Japanese community, currently numbering 100,000, has played an influential role in the country’s rich history, culture and economy.

With its GDP growing an average of 4 percent a year, Peru economy has outperformed those of its neighbors Traditionally a mining country, the country has developed new growth opportunities in non-traditional agricultural exports, manufacturing, tourism and new technologies.

Thanks to the Pacific Alliance, the CPTPP and its commitment to globalization, Peru and Japan have found new areas of collaboration on which to forge a stronger relationship for many years to come.

GMI Post’s Kenzie Du and Kenneth Wong report from the field. Follow their updates here and here.

What's next for Peru?

Ever since the start of the new millennium, Peru’s economic growth has dominated many a meeting about business in Latin America. When Alberto Fujimori first became president in 1992, his policy to deregulate labor and financial markets, reduce tariffs, and privatize state-run enterprises, attracted a wave of foreign capital. The country has clearly come a long way 25 years later.

But, there also is a long way to go if Peru is to attain top-tier status. Peru’s resources are abundant and diverse; not just in terms of agriculture and biomass, but also in hydrocarbons. In fact, its hydrocarbons sector has great potential for exploration and commercialization. Currently only three of Peru’s 18 sedimentary basins with hydrocarbon commercialization potential are being fully exploited.

According to EY Peru, the country's investment portfolio of hydrocarbon projects for 2018-2019 amounted to $21.708 billion, which accounts for 12% of total investments estimated for the same period.

All hydrocarbon exploration and commercialization projects first require service contracts granted by the Peruvian government. Since its inception in 1993, state-owned company Perupetro was charged with supervising those said service contracts, as well as securing foreign investment for exploration and commercialization activities. The job was difficult but has yielded rewards.

“The jungle is a difficult terrain to navigate. Access is limited and pipelines have to be strategically placed. We have to be exceedingly careful with the environment not just because of our obligation but also because the biggest social issue that we have to manage today is the general perception of mining,” CEO Daniel Hokama said.

“Mining is the backbone of our economy, so the industry as a whole has to reflect that in our investments into the newest technology and proper infrastructure to support the growth. Yet we still lack infrastructure for hydrocarbons today. We only have two main pipelines: one for oil in the north of the country, and one for natural gas in the middle. If we want to see the industry grow out of its current limits, we need not only more pipelines, but also more roads, highways, public transportation. These things will drive our economy further to catch up to where it needs to be,” Hokama also said.

All the Posts:


Ahead of the competition

Ahead of the competition

By - Jul 17, 2019

Article Tags:


latest special Reports:

Upcoming Reports from

Saudi Arabia 2019

See Preview »

Guided by its Vision 2030, the Kingdom of Saudi Arabia has committed itself to a path of economic, industrial, social and digital transformation. A...

Uruguay 2019

See Preview »

GMIPOST is putting together a Special Report on Uruguay to commemorate the 110th anniversary of the arrival of the first Japanese immigrants to the...

Ecuador 2019

See Preview »

GMI Post is headed to Guayaquil and Quito to research and prepare a Special Business Report on Ecuador, to be published in the Japan Times in the 4...

Chile 2019

See Preview »

As host of this year's APEC 2019 in November and organizer of the U.N. Climate Change Conference (COP25) in December, Chile will be on the global s...

Peru 2019

See Preview »

With its GDP growing an average of 4 percent a year, Peru economy has outperformed those of its neighbors Traditionally a mining country, the count...

  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.


    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile

Join our newsletter

Sign up for our weekly newsletter to get the latest news and updates directly to your inbox.