Main recipient of Chilean investment and largest trading partner in the region: The figures of the economic relationship with Brazil.
Last November, both countries signed a free trade agreement, which was negotiated in "record" time, and which must be ratified by Congress.
This agreement between both countries addresses issues as diverse as telecommunications, electronic commerce, services, environment, employment and gender, as well as economic cooperation.
"The agreement incorporates new chapters on technology, cybersecurity, in terms of Antarctic collaboration, in many fields that we have managed to advance, including the firm will of our countries to unite the Atlantic Ocean with the Pacific Ocean, from Puerto Murtinho, going through Paraguay and Argentina, to the ports in the north of our country, "said President Sebastián Piñera, on that occasion.
Hence, the importance for both countries of maintaining solid commercial relations, whose commercial exchange last year amounted to USD 10,066 million. Brazil - a market of 208 million inhabitants - is Chile's first commercial partner in Latin America, and the main recipient of direct investment abroad, which stands out for its capacity to generate employment, which already reaches 159,000 people, according to Direcon figures.
The attractiveness of Brazil as a destination for Chilean investments has been evident during the sexennium between 2010 and 2017, when Chilean companies accumulated investments for USD 17,231 million, that is, the figure represents 36.2% of the total invested in the world in that period. "The agreement, negotiated and signed last year, due to the sense of urgency imposed by both governments, will enter into the Congress in the coming weeks.
But not only at the government level are constant efforts to expand political and economic relations. In fact, under this framework of Jair Bolsonaro's visit to Chile, a delegation of national businessmen met with the Brazilian President.
To see some of the most important figures of the commercial relations of Chile and Brazil check the infographic below:
Source: Emol.com
https://www.emol.com/noticias/Economia/2019/03/23/942085/Las-cifras-que-marcan-las-relaciones-economicas-entre-Chile-y-Brasil.html
