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Minister Barrios, Deputy Minister Abregu; Ambassador June-hyuck Cho; Co-Director KOPE-LAR, Castillo Rojas and Co-Director KOPE-LAR Kyungjin KIM

Guideline launched to promote investments in the aquaculture sector, mainly Korean

Click on the flag for more information about Peru PERU
Monday, July 22, 2019, 21:20 (GMT + 9)

The Ministry of Production (PRODUCE) and the Peru-Korea Research Laboratory in Marine Science and Technology for Latin America (KOPE-LAR) presented a guideline for public / private companies, with the objective to promote investments, particularly Korean, in the Peruvian aquaculture sector.
The document, approved during the fifth meeting of the Joint Peru-Korea Commission in 2018, provides information on the activity, the regulatory framework, regulations, potential, as well as the establishment procedures and the lessons learned from the successes and failures of the Peruvian companies.

Minister of Production Rocio Barrios at the presentation

"We are sure that the Guideline for the public / private enterprise to invest in the aquaculture industry in Peru is a tool that will help promote investments in a sector with great potential in the country, which is considered one of the priorities of the president of the Republic, Martín Vizcarra. Such is its importance for the current administration, which last week was held the first Council of Aquaculture Ministers where a set of measures was approved to promote the development of the sector," said Minister of Production Rocio Barrios.
She also said that in principle the document (in English), is aimed at the potential Korean investor, but it will be translated into Spanish to also serve potential national and Spanish-speaking investors.
"I hope that the information that has been delivered today will generate in you new ideas that allow investment in aquaculture in our country as a growth engine," said Barrios Alvarado, who also highlighted the work done by KOPE-LAR and the General Directorate of Policies and Regulatory Analysis in Fisheries and Aquaculture of the Ministry of Production, which also collaborated with the development of the guideline.

The Korea Institute of Ocean Science and Technology (KIOST)  works in cooperation with KOPE-LAR (Laboratorio de Investigacion Corea-Peru en Ciencia y Tecnologia Marina para America Latina)

It is worth mentioning that in 2018 exports of fish products to South Korea amounted to USD 133 million, a growth of 36% compared to the same period of 2017. The main products demanded by that market were: giant squid - pota - (75%), fishmeal (16%), eel (2%) and shrimp (2%)
Likewise, South Korea's market accounted for 17% of pota exports, being surpassed only by Spain (26%) and China (25%).
Minister Barrios was accompanied by Deputy Minister of Fisheries and Aquaculture María del Carmen Abregú; the Ambassador of Korea in Peru, June-hyuck Cho; the Co-director of  Peru KOPE-LAR, Raúl Castillo Rojas and the Co-director of Korea KOPE-LAR), Kyungjin KIM.


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