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2015 doing Businessand Investing in doing business and Investing in Peru22015 doing business and Investing in Peru3 Esteban ChongTerritory Senior PartnerPwC Peru ForewordPeru has achieved constant growth in its Gross Domestic Product (GDP) for more than 14 years. Although in 2014, this growth has been significantly less than expected due to a reduction in the activity of the key main sectors of the economy such as mining, construction and manufacturing, there are many expectations regarding the possibilities of achieving improved figures in the next two years. Thus, the Banco Central de Reserva del Per (BCRP) and well known economic specialists, has forecast that GDP growth in 2015 and 2016 will achieve figures between 4% and 5%, terms of foreign trade, Peru is one of the most economically liberalized countries in the region. Additionally, it has a favorable climate for foreign investment. It is worth noting that 85% of exports are made under free trade agreements. Currently, similar agreements are being negotiated or studied with India, Indonesia and Turkey.

2015 Doing Business and Investing in Peru 8 1.3. Population Peru has the fifth largest population in Latin America, after Brazil, Mexico, Colombia and Argentina. The population at June 30th, 2014, is estimated at 30,814,175 people, which signifies an average annual growth of 1.1%. Three

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