Chile–Peru relations Peru had a secret defensive alliance with Bolivia, Peru did not declare war on Chile even after Chile invaded the Bolivian port of Antofagasta. War was not declared formally until Chile declared war on both Peru and Bolivia in 1879. Peru declared war on Chile the following day. The war resulted in a Chilean invasion of Peru and the destruction of various Peruvian buildings, cities, a major raid and a two-year occupation of the capital of Peru, Lima. The ultimate result of the war left a deep scar on the three societies involved, and the relations between Peru and Chile
Mineral industry of Peru No. 868 of May 1996 (Texto Unico Official) provide guaranteed protections to mining ventures and contracts under the Peruvian Civil Code. Consequently, such ventures and contracts are immune from unilateral changes by any governmental authority in Peru without an appropriate legal or administrative remedy or arbitration by the Convenio Constitutivo del Centro Internacional de Arreglo de Differencias Relativas an Inversiones (Formal Consent of the International Center for Settlement of Relative Differences on Investments). Additionally, Peru enacted the Supreme Decree No. 047-2002-EF of April 2002 (import duties for capital goods) to reduce the duties paid to 7% from 20% and 12%