From Deseret News archives:

Peruvian consul touts more trade with Utah

Published: Saturday, June 28, 2008 12:03 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
Think "international trade for Utah companies," and it's likely that Peru isn't the first country that comes to mind.

But Peruvian Consul General Guido Loayza on Friday stressed that the economic bonds between Utah and Peru could grow even stronger, especially as a free-trade agreement between the United States and Peru is implemented.

"We are sure that with the signing of the free-trade agreement between the two countries, it will be very important for both sides to increase their trade for a mutual benefit, because we need foreign investment, we need our products in America, and we're sure that American citizens will be also very happy to have Peruvian products," Loayza told a group of about 18 people Friday at the Salt Lake Chamber offices.

U.S. Department of Commerce stats from 2005 show Utah exported $7.5 million in goods to Peru that year. But Loayza said the country's growing GDP — expected to balloon from 6 percent to 8 percent annually for the next dozen years — and other factors make it a prime location for international trade.

Story continues below
Among the Peruvian markets Loayza promoted for Utah investments are mining, energy, agriculture, fishing and "aquaculture," textiles, forestry, tourism, call centers, transportation infrastructure and telecommunications.

"Utah can be a perfect partner for Peru because of a lot of things Peru lacks — technology, machinery — products like that. If Utah can provide those to Peru, Peru has actually the money right now to purchase those things," said David Utrilla, the president of South Ogden-based U.S. Translation Co. and the facilitator of Loayza's visit.

Loayza suggested that Utah companies need to "take a first step — any first step" to enter the Peruvian market and to "find a niche where to go."

Lew Cramer, chief executive officer of the World Trade Center Utah, said Utah and Peru have a long-standing relationship, "but the economic powerhouse of Peru is coming; it's a link and a bridge we want to make even stronger."


E-mail: bwallace@desnews.com

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Gifts for gamers

There are some games I love not on your list. Arkham Asylum for one.

Daughter: Mitchell fed me my pet

Our parents made my brothers help kill and clean our rabbits before we ate...

Why would you keep it open? I would understand if there was a lot of amazing...

The government will run our health care well? Read Reader's Digest, November...

BCS stable at top, Y. up to 14

TCU stomped on the MWC so they are naturally ready to crush Florida, Alabama...

Jazz win 6th in 7 games

could you understand Dave Locke any more than my mom does and she is not even...

Notre Dame fires Weis

Attending the ND/BYU game 3 years ago in south bend, a couple of things stuck...

I missed the game, actually i heard a little bit of Locke on the radio (man...

Hall's pain reflects self-betrayal

quotes were good: Article was dumb and unnecessary.

Understanding translation process

I believe the art depicting Joseph looking at the plates may possibly be...

Advertisements