In a strategic move during the 31st APEC Economic Leaders’ Meeting, Chinese Premier Xi Jinping inaugurated a state-of-the-art deepwater port in Chancay, located 80 kilometers north of Lima, Peru. This ambitious project aims to enhance maritime connectivity between Peru and Shanghai, fostering increased trade and economic collaboration between the two nations.
The newly established port is designed to accommodate large cargo ships, significantly reducing shipping times and costs. By serving as a crucial hub, it is expected to boost Peru's export capabilities, particularly in sectors such as mining, agriculture, and manufacturing.
This development not only signifies China's expanding global infrastructure footprint but also highlights Peru's commitment to modernizing its logistics and transportation networks. The port's strategic location offers seamless access to major international shipping routes, positioning Peru as a key player in the global supply chain.
Local businesses and international investors are optimistic about the opportunities this port presents, anticipating a surge in trade volumes and economic growth. Additionally, the project underscores the strengthening ties between Peru and China, paving the way for future collaborations in various industries.
As the port becomes operational, it is set to transform Chancay into a bustling maritime center, fostering economic prosperity and reinforcing Peru's position in the global market.
Reference(s):
Chinese-built port in Peru aims to connect Chancay to Shanghai
cgtn.com
