China It has become a key actor in the international panorama, especially in Latin America, because its investments in different sectors have increased in recent years. In this way, the second economic power has displaced USA In several countries in the region.
In addition, China is the main commercial partner of several local economies due to its great demand for raw materials to boost their own industry. This has generated an increase in Exports to the Asian country, while it provides manufactured technology and goods. Next, we tell you what is the second Latin American destination of Chinese investments.
What is the second country in Latin America that receives more Chinese investments?
The Head of Economic Studies and Commercial Intelligence of the CIEN-ADEX, Gabriel Arrieta Padilla, stressed that Peru It occupies the second place in the reception of Chinese investments in Latin America, only surpassed by Brazil. This data indicates a growing interest from China to continue its investments in our territory.
In addition, China has established itself as a key trade partner for Peru, since it projects that at the end of 2024 exports will be reached for a total of US $ 26,000 million. This data reveals that approximately one third of this year’s Peruvian exports has been destined for the Asian country, which positions it as the main commercial partner of Peru.
What are main sectors where Chinese investments are allocated?
Gabriel Arrieta stressed that most of the Chinese investments They are mainly directed to the mining sector. However, over time, these investments have extended their scope, so it achieves a greater presence in the field of infrastructure. The specialist indicated that the future of transport in the region is expected to focus on the construction of railways and the improvement of roads, so China’s vast experience in the field of engineering will be used.
Likewise, the need for Peru to implement a more effective strategy to capture investments was emphasized. A key point could be the establishment of Special economic zonesfocused on high -tech products, such as electric vehicles and batteries. This initiative would allow to take advantage of national resources, such as lithium, which would contribute to reduce production costs and to improve the competitiveness of Peruvian exports.
Would Donald Trump’s presidency affect Peruvian relations with China?
Gabriel Arrieta stressed that the commercial connection with the United States is based on a robust base, which has been consolidated thanks to the Free Trade Agreement (TLC) signed in 2009.
In particular, he pointed out that it is essential to sustain a security environment and the implementation of appropriate strategies. He affirmed that it is not necessary to panic before possible political statements of Trumpbut it is essential to be ready to adjust and safeguard our economic interests.
He stressed that the key lies in cultivating balanced relationships with both powers and capitalizing on the investment and trade opportunities that may arise.
Source: Larepublica
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