Peru: A trade environment in which Peru can boost regional trade and exports

Over the past decades, Peru has undergone major reforms in its trade policy. In the 1980s, the country was largely isolated from the global economy. Its national economic policies were focused on protecting domestic industry and preventing the entry of foreign competition. It was a time of crisis, exports fell sharply, and farmers were becoming poorer and poorer. Inflation was high, wages were low, and many people were jobless.