Peru's Chlímper 2.0 Law: A Corporate Lobby or Necessary Legislation?

Former Peruvian Deputy Minister Fernando Cuadros has criticized Peru's Chlímper 2.0 law, calling it a "corporate lobby" that provides undue benefits to large agro-exporters. In a recent video interview, Cuadros stated that the law could lead to "two billion soles being gifted annually to these companies indefinitely." He argues that these established businesses, with strong international markets, do not require such subsidies. "It's a subsidy to profitability," Cuadros explained, highlighting the impact on Peruvian taxpayers who fund these benefits through their taxes. The video underscores the ongoing debate surrounding the law's impact on the Peruvian economy and the concerns of critics regarding its fairness and necessity. The discussion highlights the need for transparency and accountability in government spending and the importance of considering the long-term consequences of such legislation.