Guangzhou Port in China Opens Route to Callao Port in Peru

Tuesday saw the opening of a route from Guangzhou Port in China to Callao Port in Peru. Over 400 containers were loaded onto the 300-meter-long "Volga" cargo ship operated by COSCO.

Reuters reported that on Tuesday, the largest shipping hub in southern China, Guangzhou Port, opened a direct route to Callao Port in Peru, stating that this move would reduce logistics costs and promote trade between China and Latin America.

In the context of tense trade relations between China and the US, Beijing is committed to further strengthening ties with resource-rich Latin America.

Tuesday saw over 400 containers of refrigerators, home appliance parts, automotive parts, and other products made in Guangdong Province loaded onto the 300-meter-long "Volga" cargo ship operated by COSCO Group.

The first phase of the Callao Port project was invested in by COSCO Group at a cost of $1.4 billion and was unveiled during the APEC Summit held in Lima last November.

As Beijing and Lima strive to position the port as a major shipping hub between Asia and South America, it is expected that China will invest billions more.

This direct route from Guangdong to Peru takes approximately 30 days and can reduce logistics costs by about 20%.

The opening of this new route will accelerate the connection between Nansha Port in Guangzhou and ports such as Manzanillo in Mexico and San Antonio in Chile in Latin America.

According to CCTV, Chinese-made home appliances, electronics, furniture, and toys are accelerating their exports to Latin America, while high-quality fruits and seafood from the Pacific coast and wines from the Andes will enter the Chinese market faster.

This deep-water port with 15 berths is hailed as a successful start to the "Maritime Silk Road of the 21st Century," and is part of China's "Belt and Road" initiative, which is a modern revival of the ancient Silk Road trade routes.

Source: rfi

Original article: https://www.toutiao.com/article/1830776272233543/

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