Puerto Chancay

Um, and part of that, uh, that's really driving is logistics.

Um, we're seeing big logistics projects, whether it be the Port of Chancay in, um, Peru, which is bringing some of that, adding some of that outside trade into Asia, but also the intra-Asia side, something like the China-Lao Railway.

And key to all of this is China.

It's really taking its place as one of the most influential players in Asia's fresh produce trade, both as an importer and an exporter.

Um, and even Peru with the, the new government of Keiko Fujimori, um, again, you know, seven of, of the biggest mines are owned and operated by, by the Chinese.

The Port of Chancay continues to be a big investment opportunity.

We have 30 seconds, Evan.

So I suspect that what you'll see with, with the PRC is that, uh, you know, while some of their, uh, more strategically, uh, concerning, uh, activities, uh, might be, might be limited, uh, in military and space and maybe in some digital, uh, areas, that, uh, um, China will still continue to weave those webs of, of influence that come from the business relationships that even with the most, uh, right governments, uh, it will have.

They control seventy percent of the global shipbuilding market.

And look at the Port of Chancay in Peru.

They finished a full year of operations, and it's fundamentally changing how South America hits Asia.

It's a strategic stranglehold.

Right.

And, uh, whenever we get confused or things get too abstract, we can always refer to some concrete example, right? One example, I think, um, is, uh, Peru's Chancay Port for, um, you know, how openness can help strengthen regional connectivity in the Asia-Pacific.

It has emerged, if you will, as an important new link between Latin America and Asia.

If I remember correctly, its total container throughput in the first half of this year recorded an, an increase of over 70%.

So Gonzalo, what does the Chancay experience tell us about, uh, the potential for stronger Asia-Pacific connectivity? And do you think this kind of a cooperative model can be promoted or expanded elsewhere in the region?

That will depend of the legal framework of each economy has.

For example, the Chancay Port is a very good thing to explain how Peru works.

Chancay Port is not the product of a government-to-government agreement.

I mean, we're, we're looking at all of the trade flows over the last 20 years really being reoriented away from sort of the United States as the focal point.

You look at the Port of Chancay in... or Chancay rather, uh, in Peru, which is China's big hub now there, and they now have a direct trans-shipment route to Shanghai, bypassing all the North American sort of checkpoints and whatnot.

Um, you look at what China's doing in Africa with all of the development of resources there, throughout Southeast Asia.

I mean, it really does look like China is usurping the United States as global power, the, the, the global power, without ever firing a shot.

Entonces, em, antes de hablar sobre el proyecto de Chancay, quiero saber cómo también, no necesariamente solamente tu vista personal, pero qué es como hay la sensación en el pueblo peruano sobre la inversión chino o china que está, pues que está pasando ahora.

Sí, mira, para-- básicamente para el, para el, para el puerto de Chancay, eh, fue una historia muy interesante porque digamos que el Callao, el puerto del Callao, eh, ya estaba colapsando.

Entonces se necesitaba, eh, algo que pueda mover de diferente manera, eh, las importaciones y exportaciones.

Entonces, un grupo, un grupo, por ejemplo, como Volcan, eh, Minera Volcan, fue la que vio que necesitaba sacar minerales con mayor facilidad, en menor tiempo.

Y eso es lo que, lo que queremos hacien-- has-- haciendo empresa y, y, y haciendo crecer el país, ¿no?

Antes del podcast hice un poco de investigación.

Entonces, se dice que ese puerto de Chancay reduce el tiempo de carga como desde cuarenta días a través del Atlántico hasta casi veinte, entonces como la mitad.

Entonces, eso es como una, pues una ganancia gigante.