Andina

FA Min highlights investment opportunities in Peru at Pacific Alliance event

12:26 | Santiago (Chile), Dec. 12.

During the Pacific Alliance Business Summit on Thursday, Peruvian Foreign Affairs Minister Elmer Schialer highlighted investment opportunities existing in our country, with the aim of improving citizens' quality of life.

The ambassador said Peru's foreign policy interests are geared towards seeking the population's well-being and integration with neighboring countries, with a position of active neutrality regarding the geopolitical and geostrategic trends currently unfolding in the world.

"We want an international order based on rules, fair and stable rules. We want an environment capable of attracting investments. For example, we must know that there is an investment opportunity in Peru, a gap as we, Peruvians, call it; for example, (it is) a gap in infrastructure worth more than US$150 billion. That is a lot of money; it is plenty of opportunity for many companies," he indicated.

Minister Schialer noted that, in the case of mining, there is an investment opportunity of more than US$50 billion, adding that this situation extends to other sectors, opportunities present in every Pacific Alliance member country and, more broadly, throughout Latin America.

"A basic premise for maintaining this objective is to uphold our political and economic relations with the major world powers and blocs at the highest level, I emphasize, moving away from strategic rivalries; let us not allow ourselves to be dragged down by this, and we do not want to allow ourselves to be dragged down by it," he underscored during the 'Pacific Alliance Ministers Dialogue' event.

He underlined that another strength of the integration mechanism formed by Chile, Colombia, and Mexico lies in its significant economic and commercial progress and cooperation with other countries. It currently includes 63 observer nations and soon a new member to be fully incorporated: Costa Rica.

Furthermore, the ambassador spoke about the Chancay Megaport. He explained that it is a private port for public use, built with Chinese capital, while also highlighting the importance of Callao Port.

According to the diplomat, both are "two nodes of an extremely important hyper hub, to which the recently-renovated Jorge Chavez International Airport is added."

Moreover, he underscored that the Chancay terminal will be complemented by a special economic zone and the productive transformation center in Ancon.

Additionally, cabotage activities will be enabled thanks to amendments to the law regulating this activity, which will allow not only cabotage within the country to the Port of Ilo for transporting products from Bolivia and Brazil, but to ports in Chile as well.

"I believe that this is in some way what Peru offers not only to its people, not only to its country, but also to Peru's partners, and specifically to the partners of the Pacific Alliance. We are rooted, deeply rooted in this region, and we want to make a significant contribution to its well-being," Schialer concluded.

(END) MCA/JCC/MVB

Published: 12/12/2024