#NewWorldReport: Peru vs PRC. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @revanellis #NewWorldReportEllis
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 16 May 2024
⏱️ 6 minutes
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Summary
#NewWorldReport: Peru vs PRC. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @revanellis #NewWorldReportEllis
https://foreignpolicy.com/2024/05/13/peru-learns-to-read-the-fine-print-in-china-deals/
1910 PERU
Transcript
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| 0:00.0 | I'm John Bachelors with my colleague and friend, Evan Ellis, Professor Evan Ellis of the U.S. Army |
| 0:10.5 | War College, who's teaching me many things about the U.S Army War College. It was teaching me many things about the Americas. Right now |
| 0:15.8 | we're learning about how the Americas have been led down one direction by the Chinese |
| 0:21.7 | and are rethinking it. |
| 0:24.3 | We've talked about Argentina and a space tracking station |
| 0:27.6 | that isn't transparent. |
| 0:29.4 | Now we go to a port, a huge port called Changcha,, Chankay, Peruvian Port Authority. It's very large, it's going to be |
| 0:37.7 | completed soon, and according to the contract reported by the Chinese, it's their exclusive use on Peruvian territory. |
| 0:48.6 | This port that Peru has dreams of using for its own development. |
| 0:54.0 | Professor, I read from the report right now, |
| 0:57.8 | Costco acquired 60% ownership over the port |
| 1:00.8 | when the deal was announced in 19 and together with Peruvian Mining Company |
| 1:05.2 | Bolkhan, Costco, which is Chinese, it has invested a staggering 3.5 billion in the project which intends to turn the natural |
| 1:14.1 | deepwater port into a cargo mega port. The Peruvian government assumed that the |
| 1:19.2 | Chinese shipping giant would merely be using the port would merely be using the port that it will majority own, not have exclusive rights to it, |
| 1:28.9 | but during the negotiations, Costco somehow gain precisely these rights. |
| 1:35.0 | Well, can we sort this out? |
| 1:39.0 | Absolutely, John. |
| 1:40.0 | There's a common story here across the Americas for me and we alluded to it in the previous segment with with Argentina |
| 1:46.4 | You see it now with Peru you see it elsewhere where oftentimes leaders |
| 1:51.3 | inclined towards the you the China in hopes of benefit enter into deals which are relatively |
| 1:58.2 | non-transparent. They may not have adequate technical review of the fine point or at least don't give it the |
... |
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