Peru Strengthens Economic Ties with China: Key Outcomes from State Visit

Peru’s President, Dina Boluarte, highlighted key outcomes from her China visit, reaffirming their strategic partnership and supporting the One China policy.

From June 25 to 29, Boluarte signed several bilateral agreements with Chinese entities. These agreements explored new areas for cooperation across various sectors.

“I emphasized Peru’s interest in learning from China’s advancements in infrastructure, clean energy, digital economy, AI, and responsible mining,” Boluarte stated.

One major highlight was the agreement with Huawei. This deal aims to train 20,000 Peruvians in advanced technological fields.

Additionally, Boluarte announced that the Chancay port project, built by China, would be inaugurated in November during the APEC Summit.

This project promises to enhance connectivity between South America and Asia-Pacific.

“This Chinese-Peruvian investment aims to transform Peru into a logistical, industrial, and technological hub,” she emphasized.

On the commercial front, Boluarte highlighted new sanitary protocols for exporting table grapes and other products to China.

She also mentioned a memorandum of understanding to create a Peruvian-Chinese business council. This council aims to strengthen economic and commercial relations.

“The visit allowed Chinese corporations and potential investors to learn about Peru’s economic and legal security and commercial advantages,” Boluarte added.

Peru Strengthens Economic Ties with China: Key Outcomes from State Visit

This visit marks a pivotal moment for Peru as it seeks to deepen economic ties with China.

Moreover, the relationship with China could unlock numerous opportunities, particularly in technology, infrastructure, and trade.

China is Peru’s largest trading partner. In 2021, trade between the two countries reached $23.8 billion. China’s investments in Peru span mining, energy, and telecommunications sectors.

The Chancay port, located 80 kilometers north of Lima, aims to become a major trade hub. It will facilitate trade routes linking Peru with China and other Asia-Pacific countries.

https://www.riotimesonline.com/brazil-news/agri-business/port-of-chancay-perus-new-gateway-for-agricultural-exports-to-asia/

Huawei’s training program aligns with Peru’s goal to boost its digital economy and technological expertise. The program will focus on skills development in AI, big data, and cybersecurity.

By strengthening ties with China, Peru aims to attract more investment and create new economic opportunities.

The agreements and projects from this visit highlight Peru’s strategic move to enhance its global economic standing.

More: Peru news in English, every day from The Rio Times.

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