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| BCR SEES PERUVIAN EXPORTS EXCEEDING $35 BILLION IN 2011, 2012 |
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| Written by edylio |
| Monday, 20 September 2010 10:49 |
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Lima, Sep. 20. The Central Reserve Bank (BCR) of Peru estimates that the value of exports will reach more than $35 billion in 2011 and 2012, on the back of increasing mineral and hydrocarbon exports. According to its September 2010 Inflation Report, BCR also projects that the value of exports will jump from 26.9 billion in 2009 to 33.5 billion this year.
Part of this growth would be driven by higher mineral prices and the onset of operations of Camisea II (exports of liquefied natural gas) as from the second half of the year. On the other hand, non traditional exports would increase due to the recovery foreseen in the main economies of the world and due to the trade agreements established with other countries. "Exports will climb to $35.1 billion in 2011 and 38.5 billion in 2012, respectively," BCR said. Source: andina.pe
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BCR SEES PERUVIAN EXPORTS EXCEEDING $35 BILLION IN 2011, 2012

