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Chancay megaport: how will it help Peruvian businesses in international trade?

Chancay megaport: how will it help Peruvian businesses in international trade?

The Chancay megaport registers a progress of 56% and in November of this year, within the framework of the APEC summit, it will be inaugurated with the presence of Xi Jinping, president of China.

To date, the works have generated more than 1,500 jobs and, once completed, business opportunities will flourish in the areas of logistics, manufacturing, real estate development and even tourism and commerce.

Cost reduction and door to the Asian market

Yuriko Huarcaya, academic head of business at the Certus School of Higher Education, assures that the Chancay megaport marks a crucial milestone in the evolution of our country’s port infrastructure and has the potential to reconfigure the commercial fabric throughout Latin America.

In data from Cosco Shipping Ports (CSP), port terminal operator, more than 360 berths were registered during 2022 in 37 ports around the world due to the low capacity to receive large vessels.

“By promising a substantial improvement in logistics efficiency and the ability to handle up to 18,000 containers, It is presented as a key engine to promote international trade and attract foreign investment, taking advantage of its strategic position as a new connectivity center“, he said.

The port infrastructure of the small north will turn Peru into the hub of the South Pacific and, in the specialist’s opinion, will leverage international trade by improving access to new markets and competitiveness.

Among its main improvements is the reduction of logistics processes that those who wish to export or receive products through the ports that already exist in Peru currently go through.

 Hub portuario, la clave para reactivar el PBI de la Alianza del Pacífico. Foto: MTC

        ‘ title=’ Port hub, the key to reactivating the GDP of the Pacific Alliance.  Photo: MTC

        ‘ width=”100%” height=”100%” loading=”lazy”></div>
<p>  “Bottlenecks will be reduced and <strong>It will improve loading and unloading speed, which is crucial to speed up transit times and increase the competitiveness of Peruvian exports.</strong> In addition, the sea travel time would be reduced from approximately 35-45 days to 23-25 ​​days once the work is completed,” he said.   </p>
<p>  There will be new routes for businesses from Asia and Latin America, a favorable scenario for Peruvian companies, if we consider that more than 45% of exports go to the Asian continent and 30% of imports come from there.  </p>
</div>
<p><b>Source: Larepublica</p>
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