IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 25 Jan 2018 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

Supreme Decree 011-2018-PCM passed by the Peruvian Executive on January 25, 2018, allowed a foreign company to acquire mining rights to operate within fifty kilometres of the border area. According to the country's Constitution, it is forbidden for foreigners to acquire or possess by any title, mines, lands, forests, waters, fuel or energy sources in the bordering areas of the country. This appears to be the first exemption made to this norm.

 

AFFECTED COUNTRIES

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