Chinese President Xi Jinping and his Peruvian counterpart, Dina Boluarte, inaugurated South America’s largest and most modern port. Built by the Chinese state-owned company Cosco Shipping, Chancay Port will boost trade by cutting shipping time between Peru and Asia. 

Our guests: 

• Teresa Mera, Peru’s Vice Minister of Foreign Trade. 
• Carlos Kuriyama, Director of the Policy Support Unit at the APEC Secretariat.

WATCH: Chinese President Xi Jinping inaugurates a massive deep-water port in Peru, a $1.3 billion investment by Beijing as it seeks to expand trade and influence on South America https://t.co/HKLqIAJESQ pic.twitter.com/vxycoBNiBr

— Reuters Business (@ReutersBiz) November 15, 2024

A high-tech, smart megaport built through cooperation, the #Chancay Port will offer a direct route to the Asia-Pacific, cutting shipping time btw China and Latin America by 10 days.

A potential shipping hub, the port will benefit not just #Peru but also the Western hemisphere. pic.twitter.com/2sRqIbujwH

— Lin Jian 林剑 (@SpoxCHN_LinJian) November 15, 2024