Cite as https://mymun.com/ppdb/18711
Committee: Economic and Social Council (ECOSOC)
Delegate: Johanna Tesch
Topic A: National Sovereignty and Foreign Direct Investments (FDIs) in Africa
Peru has by now been a member of the Economic and Social Council for more than 10 times, showing its efforts to work towards the achievement of the Sustainable Development Goals (SDGs) and its incentive to reduce poverty, inequality and social exclusion, as well as the attempt to counteract climate change.
Between 2004 and 2013 Peru’s economy grew an average of 6% per year, thus being one of the fastest growing Latin American economies. In 2017 Peru’s GDP growth rate slowed down to 2,5%, still however, being one of the highest on regional comparison. This growth can be linked to Peru’s foreign trade policy, creating an environment geared to attract foreign investors. In the past years Peru has concluded more than 20 free trade agreements (FTAs), which make up about 90% of Peru’s international trade volume, including the United States – Peru Trade Agreement (2009), an agreement with EFTA (2011) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with 10 other transpacific countries (2018). One important goal for the future is its accession to the OECD, which is planned for 2021. The governments focus on liberal trade policies in the...