PERU: Textile Exporters Plan US$ 50 Million Investment

The president of Expoamerica, Mr. Diego Calmet, says that Peruvian textile companies could increase production to the extent that they make more investments in increasing their productive capacity.

This is happening, as there are currently investments of US$50mil planned for this year in installing new equipment in the industry.

He adds that there is also interest on the part of foreign companies to form alliances with Peruvian companies, including companies which formed part of a recent Brazilian trade mission.

Mr. Calmet also comments that Peruvian exporters are at a disadvantage compared with their Colombian competitors, as they do not enjoy the same customs benefits as those provided by the Colombian Vallejo plan, which has a draw back of 7% and tax of 0% on the importation of capital goods. -Agencies.

April 12, 2003

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Added: April 12, 2003
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