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By Juan Limachi
LIMA, July 11 (Xinhua) – The decline in the price of copper on international markets and tariff measures in the United States affect Peruvian copper exports, warned today representative of the company. According to the company manager, this situation in international markets will have a negative effect on copper exports, which account for about 50 percent of the country's national mining, oil and energy market (SNMPE). Peru, Pablo de la Flor
. "Copper accounts for almost half of Peruvian mining exports," he told Xinhua at a conference on "Protected Natural Areas for Sustainable Development in Hydrocarbon Activities". [19659002] De la Flor, former director of the Authority for Reconstruction with Changes (ARCC), explained that Peru is an essentially mining country, and during the past year it has exported "Ore exports account for about 60 percent of total Peruvian shipments to international markets," he said.
De la Flor also argued that this metal had been performing well. a good role even before the series of tariff measures put in place under the administration of President Donald Trump.
"What he did, is to deteriorate, in the short term, the growth prospects of the mining sector," he said. ] The tariff measure, adopted by the United States Government, came into effect on June 1 and established that 25 per cent of steel and 10 per cent of aluminum imports entered the United States.
in the export income and, also, the perception of the tax, "said the representative of Peruvian businessmen involved in mining and hydrocarbons.
As a result of the commercial war unleashed by Trump, De la Flor does not lose the optimism that this crisis will not last long. "I hope that it is a short-term effect and that this confrontation spiral it's not exacerbated, it should prevail. According to the company manager, before this crisis, Peru's copper and mineral exports have generally been "windy", but in the last two months have deteriorated
"And this could lead to a reprint of this very positive situation that we had before trade measures (of Trump) increase, and that had already resulted in an increase in the price of copper this year, "he noted.
According to the Ministry of Energy and Mines (MEM) of Peru, the country's mining exports totaled $ 27.745 million during the past year, accounting for 61.8% of total exports of the country. ($ 44 918 million)
In 2017, Peru's copper exports grew by 35.4% over the previous year, during which shipments were recorded for 10 171 millions of dollars, according to SNMPE.
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