Peru deepens trade ties with UAE amid bumper billion-dollar export year

Peru deepens trade ties with UAE amid bumper billion-dollar export year

WAM: Peru’s Trade, Tourism, and Investment Office in the UAE and GCC, has lauded the country’s deepening ties with the UAE, following a bumper year in which the Latin American nation recorded US$1 billion in total exports to the UAE.

Export levels from Peru to the UAE have increased substantially in the past decade, reaching an aggregate total of more than US$4.1 billion for the 10-year period from 2012 to 2021.

Amidst the worldwide halt, after reaching for the first time the billion-dollar mark in 2019, numbers are on path towards the same. A readaptation to new structural market demands, refocusing of activities and strategies as well as repositioning synergies between stakeholders have kept Peruvian exports to the UAE on a sustainable trend.