Peru continues its policy of gradual economic liberalization with a very strong economic growth. The economic growth has been fueled by macroeconomic stability, improved terms of trade, rising investment and consumption. However, Peru faces development challenges, including high poverty and inequality levels; informal economy and underemployment; poor infrastructure and high dependence on minerals and metals exports and imported foodstuffs that subjects the economy to fluctuations in world prices. In this context the key trade issues to be addressed are the high level of centralization of trade and industry in Lima, to materialize trade opportunities from recently signed free trade agreements. The Government is working on reduce poverty levels rate and to continue attracting foreign investment and enhancing SMEs competitiveness. ITC will continue to work in Lima as well as in the different regions of Peru in the areas of TSI strengthening, SMEs competitiveness and environment and gender.