Peru and a Chinese state-owned company have resolved a dispute over the business model of a $1.3 billion port project ahead of a meeting between the presidents of both countries this week. The resolution comes as Peru's President Dina Boluarte prepares to meet Chinese President Xi Jinping to discuss trade and BRI cooperation. Juan Carlos Paz, head of Peru’s port authority, confirmed that government lawyers formally asked a judge to dismiss the civil lawsuit on Monday. In addition, Peru is actively seeking to attract investment from Chinese electric vehicle maker BYD, with President Boluarte inviting BYD executives to set up an auto plant on the Pacific coast, leveraging the new Chancay port being built by China COSCO.
Peru president Dina Boluarte visited BYD HQ today where WCF showcased BYD's skyshuttle tech, hoping to export it to Peru Peru is trying to lure BYD to build auto plant in new industrial park to take advantage of new Chancay port I can see BYD signing up in exchange for… https://t.co/bIiP9KJmwK
🔵 PERU TRYING TO LURE BYD AUTO PLANT WITH INDUSTRIAL PARK INCENTIVE Peru's president met with Chinese electric vehicle maker BYD on Wednesday, inviting executives to set up shop on the Andean nation's Pacific coast where another Chinese firm is building a massive port to…
Peru Concedes in Port Spat with China COSCO https://t.co/NPPvLrhXQs
Peru eases Chinese port dispute ahead of president's meeting with Xi https://t.co/z6OqCSm6Qr https://t.co/A8v9QvQ5Hg
Peru Resolves Chinese Port Spat as President Prepares to Meet Xi "The issue of the lawsuit is history,” Juan Carlos Paz, head of Peru’s port authority, said in an interview. Government lawyers formally asked a judge to dismiss the civil lawsuit on Monday https://t.co/4cy1PuOR7y
Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week, @mrochabrun reports https://t.co/Owetmgu8f2
Peru and a Chinese state-owned company resolved a dispute over the business model of a massive $1.3 billion port ahead of a meeting between the presidents of both countries this week https://t.co/cqxxMIVMnd
China, Peru aim to beef up trade, BRI cooperation via Boluarte's visit https://t.co/laXi2cIX5Q https://t.co/ILMEwDE3Vz