Peru seeks to diversify its exports to China through CIIE: official

Peru hopes to diversify its exports to the important Chinese market through its participation in the upcoming 7th China International Import Expo (CIIE) in Shanghai, said Fernando Quirós Campos, director of Asia and Oceania department of the Peruvian Ministry of Foreign Affairs, on Wednesday.

Speaking in an interview with China Central Television (CCTV) in Lima, capital of Peru, Fernando Quirós Campos praised China's initiative to organize the CIIE as "valuable and unique," particularly for countries like Peru that seek to diversify their exports to China.

"I think it is a valuable initiative, very valuable, and I would say it is unique, different, because most countries always do these events to promote their exports. China, in this case, stands out by organizing a great event to promote imports and that, for countries like Peru, which seeks to diversify our exports to such important markets like China. We find the initiative is very commendable and Peruvian companies will definitely be present," he said.

The official expressed his hope to enhance Peru's trade with China, which is vital for the country, through participation in the CIIE, which will run from Nov 5 to 10 at the National Exhibition and Convention Center (Shanghai).

"We believe that trade with China, while important for Peru, still has a lot of room for further development, expansion and, above all, diversification. In this sense, we believe that initiatives such as the upcoming inauguration of the port of Chancay will allow us to attract new investments to have processing plants in Peru that can produce and export to China. We hope to go to this import fair in Shanghai this year and in the years to come with more and better products, with higher added value, Peruvian products to offer to China," Fernando Quirós Campos said.

Themed "New Era, Shared Future," this edition of the CIIE has attracted participants from 152 countries, regions and international organizations, and achieved a new record with 297 Fortune Global 500 companies and industry leaders set to attend.

Peru seeks to diversify its exports to China through CIIE: official

In the first quarter of the year, the Erenhot Railway Port, a key hub on the "middle corridor" of the China-Europe Railway Express, handled a record-high 1,145 freight train trips, a 22.3 percent increase from last year.

Cargo volumes also rose steadily, with the port transporting 110,200 twenty-foot equivalent unit (TEU) containers and 946,400 tonnes of goods in first three months, up 14.6 percent and 19.7 percent year on year, respectively.

The railway network serves as a major platform for the Belt and Road Initiative. It consists of western, eastern, and middle corridors, and has been expanding its reach across Eurasia in recent years. In January, a new route linking Russia's Solombarka and Weizi Town in north China's Shanxi Province was launched via Erenhot, bringing the total number of routes to 75.

The network now connects to more than 70 logistics hubs in over 10 countries, including Germany and Poland, while linking with most major China-Europe freight train departure cities nationwide.

Erenhot Railway Port handles record 1,145 China-Europe freight trains in Q1