China is Peru's largest IT product supplier in 2006
20/6/2007 16:40
China was the largest supplier of information technology (IT) products to
Peru in 2006, contributing 41.4 percent of the nation's imports, the Lima
Chamber of Commerce said yesterday.
Peru's IT product imports from China last
year was worth US$171.2 million, it said.
IT product imports have registered
a major growth in the last few years from US$214.5 million a year in 2002 to
415.2 million in 2006.
Last year, the imports from China represents 60
percent of the value generated by the IT industry. The market will grow swiftly
to US$700 million, the chamber estimated.
The United States, the second
largest supplier to Peru, provided US$50.3 million of IT products, or 12.1
percent of Peru's total imports. More than half of Peru's IT imports comes from
Asian countries, the statement said.
The chamber said that it is important
for Peru to fulfill the requirements of the Information Technology Agreement
(ITA) set out by the World Trade Organization, which includes tariff reductions
for IT products.
To meet ITA rules, a nation must reduce tariffs, taxes and
custom charge to zero for a list of approved products.
"Peru has not yet
signed the agreement but it will do so as part of its commitments signed in its
free trade agreement with the United States," the Chamber said.
The main IT
products imported to Peru include word processor parts and accessories, which
represented US$102.7 million of goods in 2006, up 53.6 percent from a year
earlier. Laptop purchases rose 67 percent to US$47.9 million, while silicon
chips rose 71.7 percent to US$20.9 million.
Xinhua
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