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Chile And El Salvador Trade And Investment Opportunities

World Trade

Open Eyes Opinion [Source: CLgov}

Chile/El Salvador

When starting his state visit to the Republic of El Salvador, the governor attended a business forum on options to invest in the country and opportunities of the Free Trade Agreement between both countries.

 

 

Wednesday, August 12, 2015

The President of the Republic of Chile, Michelle Bachelet, inaugurated the “Chile-El Salvador: trade and investment opportunities” seminar this morning, organized by the Agency for Export and Investment Promoter of El Salvador (PROESA) and our embassy through Pro-Chile.

 During his speech, the highest authority Salvador said that “my country, especially since the last Free Trade Commission, held in December 2014, has chosen to deepen the relationship with the Central American countries in a broad sense”.

 He explained that, “in addition to continue to expand our commercial ties, we are giving priority to cooperation and promotion of investment into the region.” 

In turn, noted that “the FTA between Chile and Central America has certainly been beneficial to its members including El Salvador and Chile, which have seen double their trade since its entry into force date.However, there is much room for growth, as trade remains low, with about $ 67 million, as the Chilean investment. “

 In the same vein, the governor said that “we believe essential to find strategies to increase and diversify our trade, starting with the modernization of our trade agreement by including new chapters, referring, for example, environment and investment. “

 The Head of State took this instance to announce that “in this context, we have decided to implement a work program to identify opportunities to direct Chilean investments in Central America and the Caribbean, including combining information on current investment conditions in the region. ” And said that, in the case of El Salvador, “our cooperation agenda this year includes subjects in the commercial economic sphere, for example on issues such as government procurement and intellectual property.

” Also, he said that “a possibility that we will have to discuss with our partners in the Pacific Alliance, is to install a table of regular dialogue between the highest authorities of SICA and the Pacific Alliance.

 Thus, we can move forward on initiatives such as a program of investment and technical assistance; a support program for the SICA can project the Asia-Pacific; and also review the trade agreements between countries of both blocs to optimize business opportunities.

“Finally, he stressed at the meeting that “we will persist in our efforts to promote the presence of Chilean investors in El Salvador and Central America. And I can assure you that Chile is and will remain a reliable ally, secure, stable, with low levels of corruption and clear rules “.

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