Cosco’s letter warns of “manifestly unfair and inequitable treatment, among other violations of the treaty, that the Peruvian State has been committing.” The process will last six months from the notification that reached the MEF and the Foreign Ministry on April 16.
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The Cosco Shipping company has begun a friendly negotiation process with the Peruvian State to resolve the controversy surrounding the port of Chancay.
The process will last six months from the notification that reached the MEF and the Foreign Ministry on April 16. The company considers that its rights are violated, so it will resort to the legal stability clause of the FTA with China.
Cosco’s letter warns of “manifestly unfair and inequitable treatment, among other violations of the treaty, that the Peruvian State has been committing.”
Furthermore, the company maintains that, according to art. 1114 of the National Port System Law, “a private party that undertakes to invest in a publicly owned port terminal has the right to its exclusive operation.”
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Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
