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Peru Moves to Finalize Rules for Private Special Economic Zones Within Weeks

Ministers say incentives will be tied to investment to protect fiscal stability.

Overview

  • President José Jerí said the regulation for Law No. 32449 creating the ZEEP regime is nearly complete and expected to be published in the coming weeks.
  • Economy Minister Denisse Miralles said tax and customs benefits will depend on concrete commitments to jobs, innovation and capital, with a digital one‑stop window and flexible logistics procedures planned.
  • The executive urged Congress to designate the first zones before the session ends, with Chancay and Ancón identified by officials and local reporting as leading candidates.
  • Trade Minister Teresa Mera said Peru is close to putting trade agreements with Guatemala and Hong Kong into force this year, with Indonesia entering into force next year and talks opening with the United Arab Emirates.
  • The Fiscal Council cautioned that generous incentives could erode revenue and conflict with OECD standards, as the government links the regime to port upgrades such as Matarani and a CAF study to strengthen the CallaoChancay corridor.