Chinese President Xi Jinping met with Peruvian President Dina Boluarte on November 14, proposing a new China-Latin America maritime-land trade corridor starting from Peru’s Chancay Port. This meeting occurred during Xi’s state visit to Peru for the APEC summit in Lima.
The leaders virtually attended the opening ceremony of Chancay Port, a significant infrastructure project completed by Chinese enterprises. Xi emphasized that this port demonstrates China’s commitment to long-term strategic cooperation with Peru. The proposed trade corridor aims to create an efficient, multi-dimensional connectivity network extending from Peru’s coast to inland regions and other Latin American countries.
President Boluarte highlighted that the “Chancay to Shanghai” connection would serve as a crucial bridge between Latin America and Asia, becoming a major engine for Peru’s economic growth. She noted that China remains Peru’s most important trading partner, with bilateral cooperation flourishing under the Belt and Road Initiative.
The meeting resulted in several significant agreements and initiatives, including an upgraded Free Trade Agreement and a cooperation plan for the Belt and Road Initiative. The leaders also signed multiple bilateral agreements covering trade, industrial investment, industrial parks, education, and green development. Additionally, they established a sister city relationship between Suzhou and Chancay and planned to establish “Luban Workshops” and “Chinese Language Workshops” in Peru.
Both leaders expressed commitment to strengthening strategic trust, supporting each other’s core interests, and enhancing cooperation in various fields, including anti-corruption efforts and combating illegal fishing. China also offered to increase scholarship opportunities for Peruvian students to promote people-to-people exchanges.
Source: Central News Agency (Taiwan), November 15, 2024
https://www.cna.com.tw/news/acn/202411150284.aspx