Peru became the 41st country to adhere to the OECD Declaration on International Investment and Multinational Enterprises in July 2008, in recognition of its significant progress in investment policy reforms to improve its business climate and reduce poverty. The adherents to the Declaration commit to providing national treatment to foreign investors and promoting responsible international business conduct. Implementation of the Declaration also involves the establishment by Peru of a National Contact Point responsible for promoting observance of the OECD Guidelines for Multinational Enterprises, an integral part of the OECD Declaration.
As a part of the adherence process, Peru’s investment policy has been subject to a thorough examination by the OECD which is now made available in this publication.
Along with an overview of recent trends in Peru’s foreign direct investment, the Review assesses Peru's investment policy in combination with other policies having bearing on the investment climate such as trade and competition policies based on the OECD Policy Framework for Investment. The Review discusses efforts of Peruvian authorities to establish an open and transparent investment regime, pursue active international investment diplomacy and promote corporate responsibility initiatives. Peru has few restrictions on foreign investment and ranks among the most open economies according to the OECD FDI Regulatory Restrictiveness Index. Sound investment policies have allowed Peru to attract increasing foreign investment which has contributed to enhancing the country’s export potential, creating jobs and, by stimulating competition, modernising and diversifying key services such as telecommunications.
The Review reflects the OECD’s mission to help all governments improve their investment climates through peer learning and the sharing of best practices.