All of the information stated in this article is based on reliable sources of information and is detailed at the end of the article
Text/Editor: Look at Mr. Zhang
In 2011, the mainland spent as much as US$1.3 billion in Peru to build the Chancay port, but just as the project was about to be completed, the Peruvian government suddenly "changed face" and took the Chinese side to court, demanding that the concession to operate the Chancay port be revoked.
However, what exactly happened to Peru that suddenly "turned its face"?
Recklessly tearing up the agreement
In 2023, with the continuous development of the mainland's economy, the mainland's economic export trade has also been increasing in recent years, especially the export volume to South America, which increased by 2.3% over the same period, which is another major export trade market after Southeast Asia.
However, the Chacay port project was also a key economic and trade project for China in South America at that time, and it was also the beginning of the relationship between the mainland and Peru.
In recent years, Peru's economic development has been very fast, both in the national economy and in the construction of cities, and it has become the most important bridge between South America and China for a time.
But just as the port of Chancay was about to be completed, the Peruvian government ignored China and directly tore up the agreement, which instantly angered the Chinese side.
You must know that Peru's behavior has completely cut off the road of economic exchanges between Asia, and has also abandoned the friendly friendship between China and Peru, but it has offended China even more economically.
At the same time, Peru's actions have also become internationally discredited, with many countries doubting Peru's credibility and many countries alienating him internationally.
To this day, many people do not understand why Peru is doing this, and instead of benefiting from it, it has affected its own credibility.
In fact, there are many international factors, with the increasing trade of China in South America, it also has a high international status and influence in South America, which makes some Western countries in the world feel threatened, so they are worried that they will begin to disrupt the market and affect China's economy.
The reason why Peru has become the center of trade in South America is that on the one hand, many large cargo ships here will come directly to Peru, and there is a lot of trade here, and on the other hand, many ships will not pass through the United States when they arrive directly in Peru, so they will directly get rid of the management of the US government and cause certain economic losses to the United States.
So this understanding makes it very clear why Peru will directly tear up the contract.
Peru has always taken the United States as its backing, which is why Peru is so "bold" in the face of China, because the mainland's economic strategy at that time was to develop from a long-term perspective, rather than seeing immediate benefits.
However, the Peruvian government's thinking is exactly the opposite of that of the Chinese side, which sees the immediate benefits and fears that the country's economic income will be completely collected by the Chinese side after the arrival of the Chinese side.
So why did the mainland insist on building the port of Chancay in Peru?
Why was the Chancay Port built?
Initially, Peru saw a very close relationship between China and Europe and Africa, and over time, there was a very significant increase in China's economic ties with other countries.
At that time, Peru and China had a very good relationship, so they wanted to cooperate again, and the urban population of Peru would reach more than 30 million, and Peru was in a very advantageous location, with a lot of natural resources, such as coal and minerals.
After the two countries confirmed the cooperation, the economic trade between China and Peru has risen to 37.691 billion US dollars in 2023, bringing a lot of economic benefits to Peru.
In China, there are still many factories that help Peru export a lot of copper, iron, and other raw materials to the mainland, but the mainland also exports a lot of textiles and automobiles to Peru, realizing the agreement on the exchange of resources between the two countries.
However, in recent years, a large number of Chinese have started trading in Peru, because Peru is very advantageous and relies on the Pacific coast, so it has naturally become a natural port.
Many of the advanced infrastructure in Haikou have been purchased by some foreign investors at high prices, and the remaining old equipment ports can only be operated by the Peruvian government, which greatly restricts the economic development of Peru due to the old technology.
Peru itself has a very poor industrial base and has no ability to change on its own, so it can only have a favorable geographical environment for foreign investors to enter and help change the country's economy.
However, at this time, the Chinese side also launched the economic development agreement signed with Peru, and the two governments also readily agreed, and Xuancheng wanted to develop together.
Development of the Port of Chankay
Until 2019, the mainland and the Peruvian government reached an agreement, and for the development of the port of Chancay for joint economic development, this project covers an area of nearly 1,100 hectares, and there are a lot of enterprises in the park, and even the Chinese side has brought a lot of foreign investors to join the construction of the port.
The signing of the port of Chankai became the mainland's first coastal port in South America, and it was also the first step for China to enter South America at that time.
However, during this period of construction, it can be said that the Chinese side has brought a lot of economic construction to Peru, which has caused the local Peruvian economy to continue to rise, and injected a lot of manpower and material resources.
Through China's economic exchanges with other countries around the world, a large amount of money has been recovered by transporting Peru's original natural resources to all parts of the world, and many industries want to start construction in Peru, which is undoubtedly a great change for Peru.
Moreover, while the Chinese side is building the Chankai Port, it has also solved the living problems of a large number of people, so that many Peruvian people who have no jobs have a stable living income.
It can be said that since the Chinese came to Peru, there has been a very significant improvement in various fields of the local area, which has improved the lives of the local people.
end
Of course, in the face of Peru's unilateral tearing up of the treaty, it has seriously affected the economic interests of the mainland, and there is also a lot of probability that the port of Chancay will not be able to be used normally.
Since the new president came to power, they have been very dissatisfied with China's construction in Peru and have continued to show favor to European and American countries.
Therefore, in the international arena, Peru's credibility has not been particularly good, and the political pattern is also wavering, and there are many parties and governments in the country, and the competition is very fierce.
In the face of Peru's tearing up of the treaty, the Chinese side must ask for an explanation, although Peru took the mainland to court and condemned the Chinese occupation of the port, but before that there was an agreement, such an accusation is obviously nonsense.
At present, Peru is only using lawsuits to stop the construction of the port of Chancay, but in the face of this lawsuit, Peru has no chance of winning, and at the same time, it is hoped that Peru can give a reasonable explanation based on the facts of the world.
References
Observer.com - "Peruvian President: I discussed with the Chinese side that the Chinese-controlled port of Chancay in Peru will be completed in November next year"
Hatps://baijiyahaao.baidu.com/s?id=1782773852115912219&dfr=spider&for=pc
Jiemian News - "Peru Plans to Cancel the Franchise of COSCO Shipping Chancay Port Project, Peruvian National Industry Association Warns: It May Affect the Country's Image and Investment"
Hattapus://baijiyahaao.baidu.com/s?id=1795210079684496679&dfr=spider&for=pc