The grand inauguration of Chancay Port has captured global attention, signaling a bright future for open and inclusive economic growth in the Asia-Pacific region. This state-of-the-art port, a collaborative venture between Peru and the Chinese mainland under the Belt and Road Initiative (BRI), is set to revolutionize maritime trade.
With the port now operational, sea shipping time from Peru to the Chinese mainland has been slashed to just 23 days, reducing logistics costs by at least 20%. This efficiency boost is expected to generate a whopping $4.5 billion in annual revenue for Peru and create over 8,000 direct jobs. 🛳️💼
The Chancay Port can accommodate ultra-large container ships with a capacity of 18,000 twenty-foot equivalent units (TEUs) and is designed to handle an annual throughput of 1 million TEUs in the near term, scaling up to 1.5 million TEUs in the long run. This makes it a pivotal hub for trade between Latin America and Asia.
Chinese President Xi Jinping highlighted the significance of the port during the inauguration ceremony via video link, stating, \"What we are witnessing is not only the root and blossom of the BRI in Peru but also the birth of a new gateway that connects land and sea, Asia and Latin America.\"
Boosting Peru’s Economy and Job Market
Peruvian officials are thrilled about the economic opportunities the port brings. Prime Minister Gustavo Adrianzen emphasized that the collaboration with the Chinese mainland through projects like Chancay Port will create more jobs and spur economic growth, enhancing the living standards of Peruvians.
Local entrepreneurs, such as Cielo Augusto from Chancay, are eager to capitalize on new business opportunities. \"The port will save time, increase efficiency, and bring new opportunities to Peru,\" said Karla Santuyomarca, a Peruvian citizen. 🌟
Public support is overwhelmingly positive, with a recent survey showing that 78.3% of Peruvians back their country's participation in the BRI, including the Chancay Port project. Furthermore, 93.6% favor deepening practical cooperation between the Chinese mainland, Peru, and other Latin American countries.
Fostering Open and Connected Asia-Pacific Cooperation
Chancay Port's official opening marks a significant step towards integrating Latin America into the dynamic Asia-Pacific economic framework. Peruvian Foreign Minister Elmer Schialer Salcedo remarked, \"The Pacific Ocean does not separate us, but it connects us,\" highlighting the port's role in enhancing connectivity between South America and Asia.
Experts like Carlos Aquino Aquino Rodriguez, a professor of Asian economies, believe the port is crucial for the economic development and connectivity of the Asia-Pacific region, promoting mutual benefits for buyers, suppliers, and investors alike.
With initiatives like Chancay Port, the Asia-Pacific community is set to thrive on openness, inclusiveness, innovative growth, and win-win cooperation. 🚀🤝
