Yesterday in Peru, on the occasion of the meeting of the representatives of the economies of the Asia-Pacific nations Economic Cooperation (APEC) underway in Lima, was inauguration of the new port of Chancay, a ceremony at which the The President of Peru, Dina Boluarte, the President of Peru, the President of Peru, the Peruvian Minister of Transport and Communications, Raúl Pérez Reyes, and, via video link from China, the President of the People's Republic of China, Xi Jinping.

The first phase of the new South American port, which has involved an investment of over 1.4 billion dollars, was built by China's China Harbour Engineering Company ( of 28 May 2021). The port has four quays, for a total of 1,500 linear meters of berths with a depth of depth of -17.8 meters, which are equipped with 27 cranes and 40 vehicles self-driving port systems. The project includes a capacity of annual traffic equal to one million TEU containers, six million tons of bulk and 160 thousand vehicles. The new port will be managed by COSCO Shipping Port Chancay Perú S.A. of the Chinese terminal group COSCO Shipping Ports.

On the occasion of the inauguration, the Peruvian government stressed that the new port will reduce the ten days the duration of sea transport from Peru Asia, which will drop from 35 to 25 days, improving the competitiveness of Peruvian products on Asian markets. In addition, it is expected that the new port will generate an important economic impact producing an increase of +1.8% in output Gross domestic of the Latin American nation (other official estimates) talk of a growth of +0.9% of GDP) and creating more than 7,000 jobs.

On the occasion of the APEC meeting and the inauguration of the new port, China and Peru have signed a memorandum of understanding Agreement to improve the free trade agreement between the two nations as part of the Chinese "Belt and Road Initiative". "The China - underlined Peruvian President Boluarte - is become our main business partner. This country is the destination of more than 36% of our exports and a source of investments of over 30 billion dollars that have an impact on key sectors such as mining and infrastructure".