Category: Peru 🇵🇪

Chinese company Sinohydro under scrutiny for bribe payments in Latin American projects

The Chinese company Sinohydro is currently under investigation for alleged corruption in Ecuador, specifically related to the Coca Codo Sinclair project. It has been discovered that the company made bribe payments totaling US$76 million, which were subsequently deposited in accounts in Panama and distributed among various individuals, Ecuadorian companies, and foreign companies in tax havens.
Fundación Andrés Bello

Peru to optimize the FTA with China

The Minister of Foreign Trade and Tourism of Peru, Juan Carlos Mathews, has announced that the fifth round of negotiations for the optimization of the Free Trade Agreement (FTA) between Peru and China will take place in Beijing from May 30 to June 2. While acknowledging the significant growth in the trade relationship between the two countries, Mathews highlighted the need to address certain areas that are not specified in the current agreement, such as electronic commerce.
Fundación Andrés Bello

China strengthens its influence in Latin America through the energy sector

China is increasing its influence in the energy sector in Latin America, with Chile, Brazil, and Peru being the countries where its presence is concentrated in the power distribution market. According to data from Boston University, since 2000, Chinese development banks have financed nearly $10 billion in power generation and distribution projects in the region.

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Enel Peru is acquired by state-owned China Southern Power Grid

Enel, the Italian electricity company, has reached an agreement to sell all the shares it holds in Enel Distribución Perú, which represents 83.15% of its share capital, as well as all the shares of Enel X Perú, accounting for 100% of its share capital, to China Southern Power Grid International.
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Boost from China and growing demand: Electric car market in Peru

Photo: Electric Car recharging.jpg. By: Michael Movchin/Felix Müller. Source: WikiCommons. SUNARP figures indicate that that the sale of electric and hybrid vehicles in Peru has grown significantly in recent years. In 2022, 2,680 units of these vehicles were sold, representing an increase of 84.21% over the previous year. Conventional hybrids were the most marketed, followed […]
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China outranks Colombia, Brazil and Peru as the largest Amazonian fish producer

In 2020, 59,400 tons of this species were produced in the Asian country, while Colombia produced 33,000 tons, Vietnam: 23,000, Peru: 2,100, and Brazil: 1,800. This is due to the fact that China, together with other Southeast Asian countries, has not only focused on fish production for human consumption, but has also become a leader in breeding Amazonian ornamental fish.
Fundación Andrés Bello

The Tarot Club

The Tarot Club is a group of Chinese companies, located in Peru, that used an illegal service in order to obtain public bids.

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New port in Chancay Peru secures strategic point of trade with China

Cosco Shipping Ports, one of the largest companies in China (PRC), is making progress in the construction of the Chancay multipurpose port terminal, 80 kilometers north of the Peruvian capital, Lima
Fundación Andrés Bello

Repatriation of Peruvian cultural property on Chinese TV

China Central Television (CCTV) made a television segment in which it gave special coverage to the repatriation of the aforementioned goods and highlighted the work carried out by the Peruvian Ministry of Foreign Affairs and the Ministry of Culture.

Fundación Andrés Bello

The U.S.-China trade war and its impact on Peru

According to Daniel Velandia, chief economist of Credicorp Capital, the existing tension between the two countries has hindered Peru’s inflationary reduction, and increased the uncertainty regarding a global economic recession.
Fundación Andrés Bello
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