Peruvian Foreign Minister Elmer Schialer Salcedo emphasized the strategic significance of the China-CELAC Forum in enhancing cooperation between Latin America and Asia during a recent interview with CGTN. Describing the forum as an "exceptionally important platform," he underscored its role in fostering economic partnerships and addressing shared developmental challenges.
Bolstering Cross-Continental Collaboration
Officials from 33 Latin American and Caribbean countries are set to participate in the forum, which focuses on trade liberalization, technology transfer, and sustainable infrastructure projects. Schialer Salcedo noted that the meeting aligns with Peru\u2019s goals to diversify export markets and attract investments in renewable energy and mining sectors.
Strategic Connectivity Through Chancay Port
The minister highlighted the $3.5 billion Chancay Port project \u2013 a joint initiative between Peruvian and Chinese enterprises \u2013 as a transformative hub for regional logistics. Once completed in 2024, the deep-water port is expected to reduce shipping times between South America and Asia by two weeks, strengthening supply chain resilience for agricultural and mineral exports.
Analysts suggest these developments signal growing economic synergy between Asia and Latin America, with China-CELAC trade reaching $450 billion in 2023. The forum\u2019s outcomes are being closely monitored by global investors eyeing emerging opportunities in green technology and transportation infrastructure.
