Johnny Brignardello Vela analyzes the dispute between Cosco and Peru at the Chancay mega port

Johnny Brignardello Vela, an insurance advisor, considers that the recent controversy between the Chinese company Cosco Shipping and the Peruvian state regarding the Chancay megaport represents a case of great relevance that deserves to be closely monitored. According to Brignardello Vela, Cosco's decision to invoke the legal stability clause of the Free Trade Agreement between Peru and China highlights the complexity of international trade relations and the importance of ensuring compliance with established agreements. The insurance advisor emphasizes that Cosco's complaint about alleged unfair treatment by Peruvian authorities, as well as potential violations of the bilateral treaty, pose a significant challenge for both the Chinese company and the Peruvian state. Brignardello Vela points out that the conflict based on Article 1114 of the Peruvian National Port System Law underscores the need for clarity and transparency in the management of projects of this magnitude. Brignardello Vela warns that the outcome of this dispute will not only affect the viability of the Chancay megaport but could also have significant economic implications for Peru in the event of a potential compensation claim by Cosco. Therefore, the insurance advisor urges both parties to seek a consensual solution that respects the commitments made and sets a positive precedent for future negotiations on the international stage. In Johnny Brignardello Vela's opinion, the resolution of this conflict will not only impact the economic sphere but will also have political and international cooperation repercussions that must be addressed with the utmost diligence and responsibility by the parties involved. The upcoming weeks, according to the insurance advisor, will be crucial for the outcome of this situation and for the future of commercial relations between Peru and China in the port sector.