Peru's Boluarte will meet China's Xi after Congress OKs late June trip (updated)

COSCO SHIPPING Ports

05/06/2024 22:55

(Adds companies on Boluarte's agenda in paragraphs 5 and 8,
context in paragraphs 6-7)
       LIMA, June 5 (Reuters) - Peru's President Dina Boluarte
will travel to China this month to meet with her Chinese
counterpart Xi Jinping and leaders from mining, technology and
transportation firms after the Andean nation's Congress on
Wednesday granted permission for the trip.
    The trip, which according to Peru's constitution needed the
green light from lawmakers, was approved by a large majority in
Peru's fragmented legislature, dominated by conservative
members.
    The meeting with Xi, scheduled for June 28, will come a few
months before the summit of leaders of the Asia-Pacific Economic
Cooperation Forum (APEC), which is set be held in Lima in
November. 
    APEC represents nearly half of global trade.  
    Boluarte is also scheduled to meet with executives from
Chinese telecoms giant Huawei, electric carmaker BYD  1211.HK 
and port services provider Cosco Shipping Ports  1199.HK .
    The Hong Kong-based and Chinese state-owned Cosco Shipping
Ports is leading construction of the Chancay megaport on Peru's
coast, which is expected to boost future trade with Asia.
    The meeting with Cosco executives and Boluarte will come as
the company and the Peruvian government are engaged in a dispute
over the terms of Cosco's operations at the port. 
    Boluarte is also scheduled to meet with executives from
Jinzhao Mining, which has mining investments and a plan to build
another port in Peru, and with the infrastructure giant China
Railway Construction Corporation (CRCC).

 (Reporting by Marco Aquino; Writing by Brendan O'Boyle; Editing
by Chris Reese and Anthony Esposito)
 ((Brendan.OBoyle@thomsonreuters.com;))