Chinese, Peruvian leaders inaugurate new megaport, boosting Latin America's trade links
China DailyThis combo photo shows President Xi Jinping and his Peruvian counterpart, Dina Boluarte, attending the opening ceremony of the Chancay Port via video link in Lima, Peru, Nov 14, 2024. Peruvian officials and experts see the Chancay Port as a step toward redefining South America's role in global trade, making it easier for Peru and neighboring countries to export goods across the Pacific. This new port will encourage trade between Peru, Chile, Argentina, Brazil, and other Latin American countries with Asian countries including China, said President of the Congress of Peru Eduardo Salhuana, adding that it promises economic growth for Latin America's agriculture, mining, and manufacturing industries. With the Chancay Port project advancing in recent years, local media have embraced the phrase "from Chancay to Shanghai" to capture the vision of a new land-sea corridor linking Latin America to China. Jorge Chain, general manager of the Peru-China Chamber of Commerce, said that China has long been Peru's primary trading partner, describing the Chancay Port project as a prime example of "beneficial and mutually advantageous cooperation."