Presidential visit

Chile strengthens financial and strategic ties with Colombia

The Colombian president praised Chile for the example it has set to other countries in the region.

Monday, August 22, 2011  
Presidents Santos and Piñera talked about integrating financial markets. President Santos and President Piñera talked about integrating financial markets.

Chile has highlighted its role as a leading country in South America by strengthening diplomatic ties with Colombia during a presidential visit from Juan Manuel Santos.

In talks between the Colombian head of state and Chile's President Sebastián Piñera at the Presidential Palace in Santiago, both leaders agreed to extend the strategic alliances between their respective countries.

President Juan Manuel Santos came to Chile accompanied by a large delegation, which included Secretary of State María Ángela Holguín, Mining and Energy Minister Carlos Rodado, and Minister of Commerce, Industry and Tourism Sergio Díaz-Granados.

One of the most significant outcomes of the meeting was an agreement to build on existing free trade agreements by establishing more links between Chile and Colombia's financial markets.

The leaders also made a commitment towards forming strategic alliances in the Asia Pacific region and simplifying consular agreements between the two countries.

Other important aspects covered by the two presidents included proposals for a joint regional electricity market and plans to boost scientific collaboration in Antarctica.

“We have always had a close understanding and helpful relationship with Colombia because we are two countries that were born out of similar circumstances and are united by a common culture,” Piñera told local media.

“But above all, we share fundamental values and principles such as liberty, democracy, the rule of law, respect for human rights and integration.”

For his part, Colombia's president praised Chile for its leadership in South America.

“We want to be like Chile in many ways,” Santos said. “The world wants to see stable countries with strong future projections and in this area, Chile and Colombia have much to demonstrate.

“[Chile] is a successful country that is an example for the rest of Latin America. Many Latin American countries want to emulate what Chile has done because it has experienced good results.”

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