Peru's new Chancay Port slashes shipping time to Asia, boosting economy and creating jobs.

The Chancay Port in Peru opened on November 14, 2024, cutting shipping time from Lima to Shanghai from 60 to 23 days. Expected to generate $4.5 billion annually, or 1.8% of Peru's GDP, it will create thousands of jobs. For Peruvian businesses like Ysabel Zea's alpaca toy company, this means expanded markets and better income. The port also enhances trade in the Asia-Pacific region, facilitating fresher imports from Latin America.

November 15, 2024
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