Geography of Peru Latin American and Caribbean States (CELAC), and the Pacific Alliance. The most populated city in the country is Lima the capital of Peru. Lima a metropolitan area has a population a little over 10 million. The second largest city in Peru Arequipa has a population of 989,919, and Trujillo is a growing city in the northern area of the country holds a population of 935,147. Peru's developed urban cities are found in coastal regions and to the north. There are 32.1 million people who live in Peru. The percentage of urbanization in Peru is 79.2%, and holds a yearly increase
Mineral industry of Peru No. 868 of May 1996 (Texto Unico Official) provide guaranteed protections to mining ventures and contracts under the Peruvian Civil Code. Consequently, such ventures and contracts are immune from unilateral changes by any governmental authority in Peru without an appropriate legal or administrative remedy or arbitration by the Convenio Constitutivo del Centro Internacional de Arreglo de Differencias Relativas an Inversiones (Formal Consent of the International Center for Settlement of Relative Differences on Investments). Additionally, Peru enacted the Supreme Decree No. 047-2002-EF of April 2002 (import duties for capital goods) to reduce the duties paid to 7% from 20% and 12%