Peru and Chile investments reach currently US$ 20 billion.
The result comes a year after the International Justice Court (ICJ), based at The Hague, issued its maritime dispute verdict, affirmed Juan Carlos Fisher, President of the Peruvian – Chilean Chamber of Commerce.
From that total, some US$13 billion equal Chilean investitures in Peru, while US$7 billion mean Peruvian investments in Chile.
According to Fisher, Peruvian investments in Chile are mainly in the service and retail sectors.
Likewise, trade between both nations grew above 14% in 2014, he calculated.
After the verdict, people’s transit between border cities Tacna (Peru) and Arica (Chile) reached a historic figure of 5.5 million transfers.
The ICJ verdict "did not affect the commercial exchange" between both nations. Trade bonds have remained “strong” since 2008, Fisher declared to Andina news agency.
Definitely, trade between both nations has remained under the same term “with an ascending trend.”
“In less than a year, after the Peruvian claim was submitted [to the ICJ], the Brescia Group carried out the greatest Peruvian investment in Chile. It was associated to the acquirement of the Lafarge cement industry worth US$550 million, which was re-baptized as Melon Cement,” he reminded.
Peru’s President Ollanta Humala participated today in a ceremony commemorating the first year since the Hague-based International Court of Justice issued the ruling on the maritime dispute between Peruvians and Chileans.
The International Court of Justice (ICJ) awarded Peru some 50,172 square kilometers of maritime rights on January 27 last year.
The Peruvian maritime possession was extended.
In January 2008, Peru instituted proceedings against Chile at the ICJ, claiming that marine boundaries had never formally been set by the two countries.
(END) RGP/JJN/MVB
Published: 1/27/2015