Japan and Peru Sign Defense, Mining Agreements

Japanese Prime Minister Shigeru Ishiba and Peruvian President Dina Boluarte signed significant defense and mining cooperation agreements in Lima, following the Asia-Pacific Economic Cooperation (APEC) summit. The accords establish a 10-year roadmap aimed at enhancing Peru's mining supply chains, particularly in copper, a key resource for Japan. Additionally, Peru secured a defense cooperation deal with South Korea, which includes agreements for submarine and fighter aircraft parts production. Peru also inaugurated the Chinese-built Pacific coast megaport of Chancay, facilitating trade between Latin America and Asia. Both Japan and South Korea emphasized the importance of Peru as a strategic partner in these sectors. The joint efforts reflect a broader trend of nations seeking to strengthen ties in defense and critical resources amidst global supply challenges.