Luis Enrique Chavez Basagoitia and Alexander Valenzuela (Embassy of Peru in Luxembourg): The economic power of a plural nation
Luis Enrique Chavez Basagoitia, Ambassador of Peru in Luxembourg, and Alexander Valenzuela, Honorary Consul, explain how Peru is strengthening its economic ties with Luxembourg and beyond.
©Christian Leroy and Natalia Wrona
What makes Peru unique?
Peruvian identity springs from the Inca Empire, later shaped by Spanish colonial influences in the sixteenth century, forging a natural link with Europe. “We speak Spanish and take deep pride in our history,” explains Ambassador Basagoitia. With a territory spanning over one million two hundred fifty thousand square kilometres, the country combines Amazonian rainforests, towering mountain ranges, and mythical cities like Machu Picchu. These varied landscapes support the foundations of its economy. Peru ranks among the world’s leading producers of copper, gold, silver and rare earths. Diverse climates and fertile lands make it an agricultural powerhouse, capable of exporting fresh produce to Europe year-round. Yet beyond natural resources, openness remains a defining feature. “We have welcomed migrants from all over the world for decades,” adds Basagoitia. Economic integration plays a key role. As a member of the Pacific Alliance—alongside Colombia, Chile and Mexico—Peru offers access to regional markets within a robust legal framework. This combination of heritage, geography and political stability creates fertile ground for international investment and innovation.
“Peru is a welcoming country, for people and for investments.”
How do Peru and Luxembourg connect?
Roughly three hundred twenty Peruvians currently live in Luxembourg. “Many are highly qualified professionals working in finance firms like Ernst & Young or KPMG, as well as doctors, civil servants and chefs,” says Alexander Valenzuela. Peru’s presence on the global culinary stage reflects this talent: four restaurants recently made the world’s top fifty. “Our cuisine mirrors our diversity,” insists Basagoitia. “Some dishes can’t be found anywhere else, and they express our warmth.” In Peru, food becomes a language of hospitality. Now increasingly visible in Luxembourg, Peruvian gastronomy also serves as a diplomatic tool. “Food is a form of communication,” Valenzuela adds. “It creates connections, especially with Luxembourg.” This shared appreciation for culture and cuisine helps bridge the distance between both nations, encouraging dialogue rooted in openness and mutual curiosity. Through small communities, big flavours and professional exchange, Luxembourg becomes not just a destination, but a partner.
What future does Peru-Luxembourg cooperation hold?
Ambassador Basagoitia and his team strive to promote Peru as a dynamic and trustworthy partner. A key moment unfolded in June 2025, during a formal dinner at the Cercle Munster, co-hosted by the Honorary Consulate of Peru in Luxembourg and the Directors and Diplomats Circle. The event gathered leading Luxembourgish investors, decision-makers and innovators, all keen to acknowledge the ambassador’s work. Yet the approach remains twofold. “This relationship flows both ways,” Valenzuela affirms. “It’s not only about drawing investors to Peru but also celebrating Peruvian talent.” This strategy aligns with Peru’s emerging sectors like cleantech and artificial intelligence. “It’s not just about natural resources—it’s about human capital.” Though known for its agriculture and mining, Peru’s true strength lies in its people, ready to engage globally and forge meaningful connections. Luxembourg, with its own openness and dynamism, offers fertile ground for this exchange to flourish.