Chancay Megaport: Repercussions on South American Trade and Geostrategic Impact

Abstract

China is constantly progressing to become a global leader. It is a gradual competition dating back to the 1960s, which had a favorable effect with “The New Silk Road”. This is part of a project that extends its reach to continents such as Africa, Europe, Asia and America through land and maritime trade routes that include international corridors. In Peru, the Chinese company Cosco Shipping Ports is in charge of the construction of the mega-port of Chancay, located in Huaral. The progress of this project demands that the Peruvian Government implement a strategy to address the establishment of economic and maritime exchange; it also requires ensuring other aspects that provide consistency and sustainability to national development. Therefore, this paper will present an analysis of the repercussions on South American trade and the geostrategic impact of the Chancay multipurpose port terminal.