SHANGHAI/BEIJING, June 27 (EFECOM).- Peruvian Minister of Economy and Finance Jose Arista predicts that the inauguration of the Sanke Megaport on his country’s central coast this Thursday will be hosted by a Chinese company. “allowing for the “very rapid growth” of the Peruvian economy.”
Arista, who accompanied President Tina Polwarte on her official visit to China, said during the “Investment Opportunities in Peru” event in Shanghai that the facilities will become “the largest port in Latin America.”
“It is so big that the neighboring countries of Brazil, Colombia and Chile are already coming to see how they can adapt their logistics chain to use this port,” the minister pointed out in his speech.
Peru, he explained, “amends all laws for ships of various flags to sail and supply in this port,” which “will allow Brazil’s friends to export meat, grains and corn to the rest of the world quickly and easily. .”
Peruvian authorities are planning a “special economic zone through which anyone who wants to invest in the region can set up their projects and from here they can reach other places,” declaring, “If one wants growth, one makes it happen.” .
Peruvian President Dina Boluarte will meet today in Shanghai with the president of the Chinese company Cosco Shipping and the head of the consortium building the aforementioned Chancay megaport.
Last March, Cosco sought legal stability in Peru after learning that the Peruvian government had filed a lawsuit to void a clause in the agreement granting exclusivity for port services in Sankey, which is still under debate in the Andean nation.
During his speech, Arista highlighted his country’s economic growth: “We have been growing for 20 years at 4.4% more than Colombia, Brazil, Chile or Mexico,” he said.
In addition, Peru has “low inflation” and the second “lowest international risk” in the region, “below only Chile,” he noted.
Arista highlighted Peru’s “prudent management” of its finances and its refusal to go into debt, despite the fact that “the International Monetary Fund has room for it.”
“There is not much guarantee that any country in the region will be able to repay any debt problem or unusual demand for dollars that the economy has, or in the event of an external ‘shock’ that we cannot control,” the official said.
Regarding trade relations with China, he pointed out that Chinese investments in the South American country are mainly concentrated in “mining, finance, energy and transportation” and declared that the Peruvian economy is “heavily integrated” with the Asian country.
“We have different treaties to guarantee commercial stability, to respect the right of investments. In Peru it is impossible to think that someone is going to nationalize a company or commit legal or tax abuse,” Arista argued, adding Peruvian courts. are “totally independent” and there is no “discrimination between national and foreign investors” in the Andean country.
The head of the economy pointed out that his country “needs many road networks”: “We have ports and places where you can invest in the most efficient ones.”
During his official visit to the Asian country, which runs until June 28, Boluarte will also travel to Beijing, where he will meet Chinese President Xi Jinping and Premier Li Keqiang on Friday.
After the meeting with Xi, Peru’s president indicated plans to sign agreements to strengthen political dialogue, investments, technology transfer, tourism and greater access of Peruvian products to the large Chinese market. EFECOM
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