As the echoes of Monday’s International Court of Justice (ICJ) continued to reverberate in Santiago and Lima, Presidents Ollanta Humala and Sebastián Piñera of Peru and Chile met on the sidelines of the CELAC (Community of Latin America and Caribbean States) summit in Havana in a show of unity.
The United Nations’ highest court set a maritime boundary between Chile and Peru on Monday that grants Peruvians a bigger piece of the Pacific Ocean while keeping rich coastal fishing grounds in the hands of Chilean industry. Despite high emotions over the dispute, the ruling is expected to have little effect on cordial ties between the two neighbors whose economic interdependence has grown greatly in recent years.
With the decision over ongoing maritime dispute between Chile and Peru just weeks away, government officials on both sides insist relations between them are strong. On Jan. 27 Peru and Chile are set to find out who has legal ownership over 14,500 square miles of fishing waters off their borders, putting an end to a centuries-long dispute and ending a five year international court case.
Increased production and consumption of quinoa, coupled with higher visibility of and greater scientific knowledge about the so-called Andean super crop is the legacy left to the world by the International Year of Quinoa 2013, the closing ceremonies of which were held in Bolivia and Peru.
As the International Court of Justice is set to release its final verdict in January, Peru announces plans to build a new settlement less than a mile from the Chilean border. After years of tribulation, an end is finally in sight for a maritime dispute between Chile and Peru, with The Hague to announce its verdict on the case Jan. 27.
Over 150 representatives of British companies and businesses attended the conference on the Pacific Alliance (Chile, Peru, Colombia and Mexico) organized by the British Foreign & Commonwealth Office and the Financial Times. The Alliance is considered one of the newest and most promising political and economic blocks is emerging from Latin America.
Peruvian President Ollanta Humala and Brazil's Dilma Rousseff agreed on Monday to promote regional integration and trade as they marked the 10th anniversary of the bilateral strategic alliance. Rousseff arrived Monday in Lima on her fourth visit to Peru since Humala took power.
Peru has scored a significant victory in the age-old battle with Chile over the origin of the two countries’ most popular liquor, with the European Commission recognizing the former as the original home of pisco
Peru's Prime Minister Juan Jimenez said on Tuesday he is leaving President Ollanta Humala's government and that other cabinet changes will soon be announced by his successor - a local governor and former business manager.
China National Petroleum Corp., the country’s largest oil producer, is nearing an agreement to buy Petrobras assets in Peru for more than 2 billion dollars. The proposed deal may be announced as soon as next month, according to sources quoted by Bloomberg.