Over the last decade, the Peruvian economy has been one of the fastest-growing in Latin America. The manufacturing industry, which is dominated primarily by micro-enterprises and small businesses, plays an important role and employs around 15 per cent of the labour force.
Partly as a result of inefficient technologies, the manufacturing industry contributes significantly to pollution in urban centres and is responsible for excessive water and energy consumption.
The introduction and development of a sustainable circular economy is therefore a political priority in Peru. The circular economy has a key role to play in achieving the national climate targets and 2030 Agenda goals, and in diversifying production in the country. Peru reached an important milestone in 2020 by adopting the national action plan on the manufacturing industry’s transition to a circular economy, which must now be implemented.
The conditions are improved for implementing the manufacturing industry’s transition to a circular economy.
The project advises the Ministry of Production and the manufacturing industry on the following subjects:
§ It is supporting regulatory adjustments and aligning support and financing models with the transition to a circular economy.
§ It is promoting cooperation by creating opportunities for coordination and raising stakeholders’ awareness of relevant issues.
§ It is supporting the development of a circular economy training and advisory service, which will help companies to transform their production processes.