INSUBCONTINENT EXCLUSIVE:
Peru has taken a significant step to enhance its economy and foreign trade by approving a new Maritime Cabotage Law.This legislation, passed
competitiveness in global markets
Cabotage involves the transportation of goods or passengers between two points within the same country.The new law allows both domestic and
foreign vessels to transport cargo between Peruvian ports, providing an important alternative to land transport, particularly useful during
natural disasters.The Ministry of Transport and Communications, along with other government agencies and business entities, collaborated to
(Photo Internet reproduction)It introduces a simplified access regime for operators, eliminating the need for companies to establish a
presence in Peru to engage in cabotage activities
She highlighted anticipated reductions in logistics costs and improved competitiveness for Peruvian businesses.The law is expected to
production areas more efficiently with major shipping hubs.Additionally, the legislation is likely to stimulate investment in port and
logistics infrastructure and improve supply chains for various types of cargo
It could also help alleviate congestion at the port of Callao.President Dina Boluarte officially enacted the law, marking a pivotal moment
change comes as Peru prepares to host the Asia-Pacific Economic Cooperation (APEC) forum in Lima, which will gather leaders from across the
region.The timing is also significant due to the anticipated inauguration of the Chancay port
Cabotage Law represents a forward-thinking approach to economic development
