America

Peru and Brazil discuss Peruvian Pacific port that will shorten route to China

Peru and Brazil discuss Peruvian Pacific port that will shorten route to China

Peruvian President Dina Boluarte spoke on Wednesday with her Brazilian counterpart Luiz Inácio Lula da Silva about the opportunities offered by a port being built on the Pacific coast that will shorten a direct maritime route to China, the Peruvian presidential house reported.

Peru’s presidential palace said on social media that Boluarte held a telephone conference with Lula and “discussed the potential commercial opportunities” that the megaport in Chancay, 78 kilometers north of the capital, Lima, represents for Brazil.

In March, Brazilian Planning Minister Simone Tebet visited the port being built on the Peruvian coast with Chinese capital. In July, Tebet said on the program “Good morning, Minister,” broadcast by a national network of Brazilian public radio stations, that the connection with the Chancay port “will facilitate the transport of Brazilian products to the Asian market in general and, specifically, to China.”

Peruvian authorities say other South American countries such as Bolivia and Paraguay are interested in exporting from the port being built in Peru, which will create a direct route to China and reduce the journey time, which currently takes more than 45 days, by up to 10 days.

The Chancay port, which has an initial investment of 1.3 billion dollars, will have four berths for ships, 1,500 meters of docks and a 2.7-kilometer breakwater to ensure safe anchoring of ships, according to Cosco Shipping, a Chinese state-owned company and the largest shareholder in the construction of the port.

Since 2014, China has remained Peru’s top trading partner and largest investor, ahead of the United States.

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