CGTN: How does Chancay Port light up Asia-Pacific cooperation?

BEIJING,Nov. 17, 2024/PRNewswire/ -- From the arrival of the first ship at Chancay Port to its official inauguration, the port has gained global attention in recent days, boosting confidence in the prospects of more open and inclusiveAsia-Pacificeconomic development.

The port, a cooperative project betweenPeruandChinaunder the Belt and Road Initiative (BRI), will reduce sea shipping time fromPerutoChinato 23 days, cutting logistics costs by at least 20 percent. It is expected to generate$4.5 billionin annual revenue forPeruand create over 8,000 direct jobs. The port, capable of accommodating ultra-large container ships with a capacity of 18,000 twenty-foot equivalent units (TEUs), has a designed annual throughput capacity of 1 million TEUs in the near term and 1.5 million TEUs in the long term, positioning it as a key hub for trade betweenLatin AmericaandAsia.

Noting that the port connects Chancay andShanghai, Chinese President Xi Jinping remarked that"what we are witnessing is not only the root and blossom of the BRI inPerubut also the birth of a new gateway that connects land and sea,AsiaandLatin America"during his address via video link at the port's inauguration ceremony.

Peruvian officials:'More job opportunities and economic growth'brought toPeru

Senior Peruvian officials and ordinary citizens have said they are looking forward to benefiting from the first smart and green port inSouth America.

Prime Minister of PeruGustavo Adrianzensaid that cooperation betweenChinaandPeru, including the Chancay Port project and other fields, will bring more job opportunities and economic growth toPeru, improving people's living standards.

Jose Tam, president of the Chinese-Peruvian Chamber of Commerce, talked about the significance ofPeru'sChancay megaport with CGTN, saying the port will be an"engine"for the local economy.

Juan Carlos Capunay, former executive director of the APEC Secretariat and former Peruvian ambassador toChina, also stated that the port will play an important role in deepening bilateral relations and fostering practical cooperation betweenChinaandPeru.

EntrepreneurCielo Augustofrom Chancay said he is looking forward to building the first levels of business while noting that industries such as hospitality will also be boosted, as there will be a significant influx of people from abroad.

"The port will save time, increase efficiency and bring new opportunities toPeru,"Karla Santuyomarca, a Peruvian citizen, told CGTN.

Some 78.3 percent of respondents to a CGTN survey of Peruvians said they support their country's participation in the BRI, which includes Chancay Port. Additionally, 93.6 percent of respondents expressed support for deepening practical cooperation in various fields betweenChina,Peruand other Latin American countries.

Open, interconnectedAsia-Pacificcooperation

With its official opening on Thursday, Chancay Port is expected to integrate the entire Latin American region into the dynamic economic framework of theAsia-Pacific, greatly enhancing connectivity within and beyond the continent.

Peruvian Foreign MinisterElmer Schialer Salcedosaid,"The Pacific Ocean does not separate us, but it connects us,"adding that Chancay Port will halve the time and costs of connectingSouth AmericawithAsia.

Carlos Aquino Aquino Rodriguez, professor of Asian economies at San MarcosNational University, said the port is crucial to the economic development and connectivity of theAsia-Pacificand can also promote mutual benefits for raw material buyers, suppliers of manufactured goods and investors.

In a CGTN global poll onAsia-Pacificcooperation, 93.7 percent of respondents called on all parties in the region to forge consensus and build anAsia-Pacificcommunity with a shared future featuring openness and inclusiveness, innovative growth, connectivity and win-win cooperation.

https://news.cgtn.com/news/2024-11-17/How-does-Chancay-Port-light-up-Asia-Pacific-cooperation--1yAAAYcaP28/p.html

SOURCE CGTN