Economic Challenges and Opportunities of the Mega Port of Chancay for International Trade
Luis Barboza Sanchez
Luis Barboza Sanchez, La Victoria, Lima, Peru
Manuscript received on 29 July 2024 | Revised Manuscript received on 12 September 2024 | Manuscript Accepted on 15 November 2024 | Manuscript published on 30 November 2024 | PP: 101-110 | Volume-4 Issue-2, November 2024 | Retrieval Number: 100.1/ijef.C814613030924 | DOI: 10.54105/ijef.C8146.04021124
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The Mega Port of Chancay is poised to revolutionize Peru’s international trade. This study explores the economic challenges and opportunities presented by this major infrastructure project, analyzing its potential impact on the national economy and trade relations with the Asia-Pacific region. We used a combination of document analysis and comparisons with other successful ports. The findings suggest that the port could enhance Peru’s logistical competitiveness and attract more foreign investment, though it faces legal and environmental challenges. We conclude that this port has the potential to position Peru as a strategic logistical hub in the Pacific. The uniqueness of this article lies in its comprehensive approach and the adaptation of successful international practices to the Peruvian context.
Keywords: International Trade, Port Infrastructure, Sustainable Development, Peru, Asia-Pacific.
Scope of the Article: Economics