Peru will sign an agreement that will allow it to join China’s Belt and Road infrastructure in the coming days.
“Ambassador Jia Guide made the announcement to guests at a private party in Lima alongside Peru’s vice president, as China kicked off a three-day Belt and Road summit in Beijing that Peru’s trade minister and leaders from around the world are attending”, The Guam Daily Post revealed.
This agreement will make Peru one of the few Latin American countries that are part of the Asian country’s flagship infrastructure policy, despite the United States objections.
Nevertheless, Vice President of Peru, Mercedes Aráoz said that this memorandum of understanding will not affect the relationship with the United States.
“Signing this memorandum of understanding is the start of a cooperation model that China has proposed to the world which (…) will allow us to broaden our ties,” Aráoz told Reuters at the event following Jia’s announcement, according to The Guam Daily Post.
The “One Belt, One Road” policy was first pitched in 2013 by China’s President Xi Jinping as a way for the country to expand operations with Asia, Africa and Europe through billions of dollars in infrastructure investments.
