In September, a delegation of Brazilian farmers and officials made their way to the Peruvian fishing town of Chancay, drawn by the prospect of a burgeoning Chinese mega-port emerging on the Pacific coast. With a commitment of $3.5 billion, this deep-water port is scheduled to commence operations later this year, promising to significantly enhance South America’s trade connections with China.
This ambitious infrastructure project serves as a direct gateway for China to access the resource-rich region. Over the past decade, Beijing has eclipsed the United States, becoming the foremost trade partner for South America and dominating the markets for soy, corn, and copper.
Read More:
- Republic Day: Delhi Metro To Tighten Security At All Stations From Today
- Benefits for Electric Vehicle Transition and Old Vehicle Disposal
