Sino-Peruvian cooperation yields substantial mutual benefits

As expected, the talks between Chinese President Xi Jinping and Peruvian President Dina Boluarte in Lima on Thursday were held in a warm and amicable atmosphere that reflected the deep mutual understanding between the two sides which has yielded substantial mutual benefits.

One of the major highlights of President Xi's visit to Peru was the opening of Chancay Port on Thursday. The port, built by Chinese enterprises, will help consolidate Peru's position as a gateway to South America on the Pacific coast and lay a solid foundation for the development of both software and hardware industries as part of the overall development of digital technology in the country. The port will also help the two sides to transform their blueprint for cooperation into concrete action.

China is ready to work with its "neighbor across the Pacific" to build a new land-sea corridor between China and Latin America through the Chancay Port, which will connect the "Inca Trail" with the 21st Century Maritime Silk Road and open up a road to common prosperity, President Xi said during his talks with Boluarte.

According to a joint statement issued after their meeting, the two countries are to jointly explore new opportunities for cooperation under the Belt and Road Initiative framework to realize mutual benefit and promote common sustainable development, and take measures to strengthen their comprehensive strategic partnership.

In this regard, the two countries need to expand their practical win-win collaboration in large-scale infrastructure projects, sustainable agriculture, industry and supply chains, fishing industry, the circular and digital economies, artificial intelligence, and the green economy, the document said.

China-Peru relations have strengthened in recent years thanks to their deepening political mutual understanding and mutual trust, as evidenced in the two countries' support for each other on issues concerning their respective core interests.

China has been Peru's largest trading partner and largest export market for 10 consecutive years, with the two sides' steady progress in major cooperation projects in fields such as mining and infrastructure bringing tangible benefits to the two peoples.

Joining hands to promote common development in a vital region of the Global South, China and Peru will continue to support an open, transparent and nondiscriminatory multilateral trading system centered on the World Trade Organization, and work together to help reform the global economic governance system in order to make it fairer and more representative.

China and Peru have a long history of friendship, deeply rooted in the hearts of the people on both sides.

It is the two countries' time-honored cultural bond, their adherence to the principles of mutual respect, win-win cooperation and equality, as well as their joint commitment to multilateralism and a world order centered on the United Nations that have turned their differences in culture, political system and development stage into reasons for deepening mutual learning and mutually beneficial cooperation.

Like the tangible benefits delivered to the people of the two countries during his last visit to Peru in 2016, President Xi's latest visit to the country will also yield mutual benefits and further deepen cooperation under the comprehensive strategic partnership framework, ushering in a future of common prosperity.