Humala gains rise in approval rating


President Ollanta Humala saw his approval rating rise in January. One poll by Datum International says that his approval rating jumped from 48% in December to 50% this month. Another, slightly more recent poll by Ipsos Apoyo reports that his approval rating has risen to 54%. This behind the backdrop of unrest in the Cajamarca region over a new gold and copper project as well as his need to make a reshuffle in December.

The president had further good news recently when he made a visit to his old friend President Hugo Chavez of Venezuela. The two presidents entered into a tranche of deals between the two countries.

According to a release on the Peruvian president’s website these include:

A Framework Agreement of Cooperation in Social issues to develop effective collaboration in the fight against poverty, malnutrition, social inclusion policies, protection of vulnerable populations, and in areas of health, education, culture, food and others areas as agreed between the two governments.

A Partial Agreement of a commercial nature to reinvigorate economic and commercial ties to create the greater participation of small and medium enterprises and increase value added in trade flows between the two countries. They also agreed to the extension of reciprocal tariff preferences for imports of products originating from both sides.

The two presidents agreed to develop the marketing and production of agricultural machinery in order to create ‘synergies’ among the productive sectors of both countries.

They signed an Interagency Cooperation Agreement between the People’s Ministry of Petroleum and Mining of the Bolivarian Republic of Venezuela and the Ministry of Energy and Mines of Peru. This will generate ‘opportunities for cooperation in the areas of oil and petrochemical to develop and promote joint projects across the value chain, as well as technology transfer and exchange of experiences in this strategically important sector for economic development of both countries and the welfare of our peoples’. They welcomed the ‘cooperation agreement signed between the companies Petroperu and PDVSA, specific activities aimed at developing collaboration and potential joint ventures in this sector, to promote the strengthening of both companies’.

President Hugo Chavez announced the Venezuelan government’s decision to proceed to regularize migration of Peruvian nationals residing illegally in Venezuela, which will allow the full exercise of their citizens’ rights.

Both governments plan to start negotiations for a social security agreement allowing migrant workers to access rights and benefits of the social security institutions under the laws of both countries.

They signed a Memorandum of Understanding on Risk Management, including the National Civil Protection and Disaster Administration of Venezuela and the National Civil Defence Institute of Peru (INDECI). This will allow the promotion of bilateral exchange of knowledge and experience in early warning system alarm responses to humanitarian, search and rescue operations as well as evaluating the impact of natural disasters.

They signed a cooperation agreement in the field of education, ‘aimed at promoting exchanges of experience and knowledge through the provision of scholarships for the training of human resources in various areas of knowledge a priority for the development of both nations’.

Other good news to come over the past two weeks has been a survey by the bank HSBC (The World in 2050) which predicts that Peru will rise to become the 26th largest economy in the world by 2050. Meanwhile the consultancy group, Latin Focus, says that Peru will have the lowest inflation rate in Latin America at 2.7% over 2012 and 2013.

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact