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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (109)	9/23/1998 3:06:00 PM
From: Tom	Read Replies (1) \| Respond to of 331

Peru Exporters Warn of Bankruptcy Danger By Marcel Deza LIMA, Sept 23 (Reuters) - The government's failure to help stimulate Peru's non-traditional export sector through tax breaks and easier monetary policy could bankrupt many companies if Asia's economic crisis continues to rock Latin America, an exporters' spokesman warned. "Another year like this and we are going to have a massive wave of bankruptcies," Carlos Bruce, head of Peru's Exporters Association, said in an interview Tuesday. Grouping most of Peru's export firms, his politically weighty association represents companies in the non-traditional sector, which accounts for a third of the nation's exports through textile, chemical, processed food, and processed metallurgic sales outside the traditional mining sector.