Software exports expected to hit US$40mn this year

- Friday, April 8, 2011

Software exports expected to hit US$40mn this year

Peruvian software exports are expected to reach US$40mn this year, state news agency Andina reported the president of Lima's chamber of commerce, Carlos Durand, as saying.

According to Durand, software exports were fairly insignificant in the 10 years leading up to 2010, when exports reached US$20mn despite companies being affected by the economic crisis.

A proposed law to promote foreign trade services will also help drive software exports in Peru, according to Durand. He said the government must publish the approved legislation, which would eliminate the general sales tax on software exports and services.

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According to Durand, the legislation would help make software exports more competitive on pricing terms, while also giving companies an incentive to continue investing and developing new products to sell outside of the country.

Durand said the main destinations for Peru's software exports are North America, Central America and some countries in South America.