Peruvian President Dina Boluarte and Chinese President Xi Jinping inaugurated the Chancay mega-port, aimed at enhancing trade connectivity between China and Latin America. This $1.3 billion investment will reduce shipping times from Peru to China by ten days and cut logistics costs by 20%. Both leaders hailed the project as a historic milestone in bilateral relations, with Boluarte emphasizing its potential to transform Peru into a logistics hub. The port’s operations are expected to contribute significantly to Peru’s GDP, reinforcing its status as a reliable trade partner.