Peru targets $40 billion in agricultural exports by 2040, supported by meat exports and increased irrigation. The agriculture sector is projected to grow by $2 billion annually, aiming to outpace mining as the largest economic contributor by 2050.
Peru’s agriculture sector aims to achieve $40 billion in export revenue by 2040, with a particular focus on expanding meat exports to China. Agriculture Minister Angel Manero indicated that after a 22% increase in agricultural exports in 2024, the sector could grow by an additional $2 billion annually. The government anticipates that farming will surpass mining as the leading economic contributor by 2050, driven by strategic investments and projects in irrigation.
The Peruvian government is prioritizing agricultural development to enhance its economy, with the ambition to significantly boost agricultural exports. This focus is supported by initiatives to increase farmland, improve irrigation, and boost investment through tax incentives. As global demand for agricultural products continues to rise, particularly from China and the United States, Peru is positioning itself to capitalize on these opportunities.
In summary, Peru is strategically advancing its agricultural exports, with a targeted growth in revenue to $40 billion by 2040. By focusing on meat exports and enhancing irrigation efforts, alongside changes in tax laws, the country aims to transform its agricultural sector into a premier economic driver, surpassing mining in significance by 2050.
Original Source: dunyanews.tv
