Peruvian President Dina Boluarte Seeks Congressional Approval for China Visit to Strengthen Economic Ties

Peruvian President Dina Boluarte has requested congressional authorization to travel to China from June 23 to 30, 2024. The visit aims to meet with Chinese President Xi Jinping and other high-ranking officials to sign agreements on economic cooperation and trade.

Why this matters: This trip has significant implications for Peru's economic growth and bilateral relations with China, a major trading partner. The outcome of this visit could lead to increased trade and investment between the two nations, shaping the future of their economic cooperation.

Boluarte's itinerary includes a series of important meetings and visits. On June 28, she will meet with President Xi Jinping in Beijing to discuss bilateral relations and sign the Mechanism of Strategic Dialogue on Economic Cooperation (MDECE), which will facilitate the export of Peruvian products to China. Other key engagements include a visit to Huawei's technological galleries on June 26 and a keynote speech to Chinese entrepreneurs and investors in Shanghai and Hong Kong on June 27.

During her visit, Boluarte will also meet with representatives from several major Chinese companies. These include BYD, an electric vehicle manufacturer; Huawei, a technology firm; Cosco Shipping, the largest shareholder of the Chancay port in Peru; China Railway Construction Corporation; and Jinzhao Mining, which is responsible for building the San Juan de Marcona port in southern Lima.

China has been Peru's largest trading partner and investor since 2014, surpassing the United States. Boluarte's trip is expected to further solidify economic ties between the two nations. This will be Boluarte's fifth trip abroad since taking office in 2022, pending congressional approval.

In her letter to Congress, Boluarte assured that she will remain in charge of the presidency using digital technologies during her trip. "Se mantendrá a cargo del despacho de la Presidencia de la República empleando tecnologías digitales," she stated.

The trip holds significant importance as it marks a strengthening of ties between Peru and China, with potential agreements on trade, investment, and other areas of mutual interest. The Congress's decision on Boluarte's request will determine the next steps in this diplomatic endeavor, which could have a lasting impact on Peru's politics.

As Boluarte prepares for this pivotal visit, the focus remains on enhancing Peru's economic outlook through strategic international partnerships. The outcome of this trip could have lasting impacts on Peru's economic growth and bilateral relations with China, making it a significant article of cooperation.

Key Takeaways

• Peruvian President Dina Boluarte to visit China from June 23-30, 2024, to meet with President Xi Jinping and sign economic cooperation agreements.
• The trip aims to increase trade and investment between Peru and China, a major trading partner.
• Boluarte will meet with Chinese companies, including BYD, Huawei, and Cosco Shipping, to discuss investment opportunities.
• China has been Peru's largest trading partner and investor since 2014, surpassing the United States.
• The trip's outcome could have a lasting impact on Peru's economic growth and bilateral relations with China.