Bolivia and Peru signed an agreement to jointly promote the development of ports

On September 14, local time, Blanjamín Blanco, deputy foreign director of the Ministry of Foreign Affairs of Bolivia, and Miguel Julián Palomino, deputy minister of Peruvian Foreign Trade in Peruvian Ministry of Foreign Trade. The joint development of Yiluo Port signing and signing a memorandum.

Blanco revealed that according to the preliminary agreement reached by the two countries, Peru will provide Bolivia with 30%tariff reduction and 120 -day free storage period for Bolivia's throughput. Branko said that Bolivia's cargo throughput of Ilo Port increased from 35,000 tons in 2020 to 72,000 tons in 2021, and this number has reached 101,000 tons in the first eight months of 2022, which reflects Bolivia The demand for the port is growing rapidly.

Palomino said that Eluo Port currently has a 1.4 million tons of cargo storage capacity. In order to cope with increasing demand, Peru has invested $ 10 million to transform the port. In the future Storage capacity.

It is understood that the Port of Yiluo is located in the Mochga region and is an important port in southern Peru. In response to the two countries, the Latin America Integrity Association will investigate the potential and investment costs and income of Yiluo Port. If the cooperation can be successfully carried out, Eluo Port will become an important outlet for Bolivia, a inland country.

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