Peru's 2024 Exports Surge 12% as President Highlights Economic Recovery

On July 28, the President of Peru delivered a speech in the National Congress, marking the 204th anniversary of the country's independence. The President highlighted the government's achievements over the past year, emphasizing the significant progress made in political stability, economic recovery, and inclusive social development. The President also underscored the importance of strengthening friendly cooperation with China.

The President noted that Peru's export volume reached 744.63 billion dollars in 2024, marking a year-on-year increase of over 12%. The President projected that the country's GDP growth rate is expected to reach 3.3% in 2025. These figures reflect the government's efforts to revitalize the economy and foster sustainable growth.

In terms of relations with China, the President stated that the two countries have consolidated their comprehensive strategic partnership. They are jointly advancing practical cooperation under the 2024-2029 Joint Action Plan. This partnership is expected to bring mutual benefits and contribute to the economic development of both nations.

Looking ahead, the government plans to continue its focus on key areas of social development, including education, healthcare, housing, green energy, and digital transformation. These initiatives aim to improve the quality of life for Peruvians and ensure that the benefits of economic growth are widely shared.

The President's speech comes at a time when Peru is navigating various economic challenges, including high levels of poverty and inequality. The government's commitment to economic recovery and social development is seen as a crucial step in addressing these issues and promoting sustainable growth. The President's remarks also highlight the importance of international cooperation in achieving these goals.

Peru will celebrate its 204th anniversary of independence with a military parade on July 29. This event will serve as a reminder of the country's resilience and its ongoing efforts to build a prosperous future for all its citizens.