Dakar Rally 2013 Will Begin in Lima
LIMA – Peru is to host in 2013 the start of the Dakar Rally, the off-road race that the country hopes will provide a big boost to the tourism industry, according to a report in Andean Air Mail & Peruvian Times. Foreign Trade and Tourism Minister Jose Luis Silva confirmed Wednesday that the start of the race will be in Lima on January 5 and will finish on January 20 in the Chilean capital of Santiago.According to Silva, the race will be viewed by millions of people from 190 countries, providing potential for Peru to showcase itself to the world and provide a significant boost to tourism. If the southern Peruvian city of Arequipa, for example, is included in the race, local tourism officials expect that it will receive some 15,000 foreign tourists during the event, state news agency Andina reported.
The original Dakar Rally was begun by French racer Thierry Sabine in 1978, a rally across a distance of approximately 2,671 miles between Paris and through the North African desert to Dakar in Senegal. Considered one of the most dangerous motorsport events in the world, the rally was moved away from Europe and Africa to South America for the first time in 2009, due to security risks in Mauritania. That country experienced a coup d’etat in 2008.
For the past four years, the rally has begun in Argentina, and Peru was included in the race for the first time this year, when it began in Mar del Plata, Argentina, moving through Chile and finishing in Lima. The 2012 race provided a $520 million boost to Peru’s economy, Silva said, with the biggest benefits going to hotels. In 2013, the rally will begin in Lima and cover a total of 4,970 miles in 14 stages between January 5 and 20 — across the southern Andes of Peru through Chile to Tucuman in Argentina and then re-entering Chile to finish in Santiago. The rally is open to motorcycles, cars and trucks.
Major infrastructure projects boost country’s bid to tap investment
LIMA – The wave of billion-dollar projects earmarked for Peru which include infrastructure and residential real estate developments will be mapped out in a first-time report to be published by the global publishing, research and consultancy firm Oxford Business Group (OBG), according to a report in Peru this Week.
The Report: Peru 2012 will provide in-depth analysis of the country’s plans to expand its economy through mining, value-added production and an increase in international trade. It will also contain a detailed, sector-by-sector guide for foreign investors, alongside a wide range of interviews with the most prominent political, economic and business leaders, including the Minister of Economy and Finance Luis Miguel Castilla and the President of the Central Bank Julio Velarde.
In addition, The Report: Peru 2012 will contain a roundtable exploring the country’s banking sector, featuring the views of key industry players from Banco de Credito del Peru (BCP), Scotiabank, BBVA Continental, Interbank and Citibank.
OBG will team up with the legal firm Estudio Echecopar who will contribute the legal chapter of The Report: Peru 2012. Estudio Echecopar is one of Peru’s major law firms, providing legal services to a broad range of clients in key practice areas which include banking, mergers and acquisitions, foreign investment, privatisation, financing, capital markets and project finance. OBG’s Editorial Director Peter Grimsditch said the The Report: Peru 2012 would be instrumental in steering business leaders through the challenges that the country’s rapid development and unceasing economic growth were producing towards its long list of investment opportunities.
International Court of Justice sets date for Peru – Chile hearing
LIMA – On Thursday Foreign Minister Rafael Roncagliolo announced the International Court of Justice had set a date for the Peru – Chile maritime dispute. “I am pleased to announce that the International Court of Justice in The Hague has just officially communicated that the oral hearings for the maritime delimitation case between Peru and Chile will be from the 3rd to 14th of December, of this year,” Roncagliolo said to local radio RPP.
The Minister said the hearings would begin with a presentation by Peru’s representative Allan Wagner on Monday, December 3rd, 2012. Peru’s council will present on the 3rd and 4th, while Chile’s arguments will be presented on December 6th and 7th.
“The presentation will be in the official languages of the court which are English and French,” Roncagliolo added. On 16 January 2008 Peru submitted a claim at The Hague to determine the maritime border with Chile, given that the border was not established by any international treaty. In Chile’s view the maritime boundaries had been previously established by fishing agreements in 1952 and 1954.
Previously, President Ollanta Humala said he was confident The Hague would rule in favor of Peru. “We are confident that the outcome will be positive and will establish a new relationship of peace and integration with fellow Latin American nations,” he said, last December.