During the visit to President Xi Jinping, almost thirty topics will be discussed, including the potential for significant economic gains through the beef trade.
President Dina Boluarte is scheduled to travel to China in June for a crucial meeting with President Xi Jinping, as announced by Agriculture Minister Ángel Manero.
“The agenda is expected to cover a variety of topics, with a particular focus on beef exports to China,” he said.
Following a cabinet meeting, Manero highlighted that discussions will revolve around 29 issues, including the potential for significant economic gains through the beef trade.
It is estimated that such exports could inject between US$3,000 and US$4,000 million into Peru's economy.
“This long-awaited meeting between Boluarte and Xi precedes the Asia-Pacific Economic Cooperation (APEC) trade forum organized in Lima in November, where Xi is also expected to participate alongside numerous world leaders,” the investment bank noted.
“It is significant that Xi's presence at the APEC summit is aligned with the inauguration of the Chancay megaport, a project led by Hong Kong-based Cosco Shipping Ports, which is prepared to strengthen future trade between Peru and Asia. ", stated BCP Securities in its report BCP's Emerging Markets Adviser
NEW CHINESE PORT IN PERU
Likewise, the investment bank BCP highlighted the government's announcement about the awarding of a contract to a subsidiary of the Chinese company Jinzhao for the construction of a port in the southern region of the country, which will require an estimated investment of 405 million dollars.
“As part of the agreement, Jinzhao Peru will be granted a 30-year concession to operate the port,” he noted.
“Construction is expected to begin in late 2025 or early 2026, and the initial phase of the port is expected to be operational approximately two years later,” he noted.
He stated that this project positions Jinzhao as the second Chinese company to undertake port construction and operations in Peru, an important player in global copper production.
He said that the port is located near the Pampa de Pongo iron project in the Ica region, the port will facilitate the transportation of bulk goods, iron and copper concentrate, further promoting investment in mining projects for a total of 15,000 million of dollars.
