Chile poised to become gateway for Asian trade in Latin America
Constantly growing infrastructure, stable institutions and location make Chile an attractive destination for Asian markets, Economic Minister Juan Andres Fontaine told Chinese news source Xinhau.
Friday, June 10, 2011
“Chile is a gateway to investment in the region and presents good opportunities to Asian markets"
Chile stands in a good position to become the primary gateway for trade with Asian economies, said Juan Andres Fontaine, the country’s Economic Minister, in an interview with Chinese news agency Xinhua. Stretching along half of South America’s western coastline, Chile’s major ports offer easy access to Pacific trade routes, enough so that some 45 percent of Chilean exports are already destined for Asian markets.
With a consistently growing economy, strong infrastructure, and strong political stability, Chile has been regularly ranked as one of the region’s most promising destinations for foreign investment. “Chile is a gateway to investment in the region and presents good opportunities to Asian markets for its location and its trading contacts,” Fontaine told Xinhua.
Already an important exporter of metals and produce, Chile continues to invest many resources in these key industries, as well as in growing industries like aquaculture and the further development of research centers in Chile’s north committed to astronomy.
Chile will continue expanding and improving its infrastructure for trade in coming years with projects funneling funds toward highway construction and, in a recently announced project, a total of US$285 million toward improving the nation’s airports.
The project will fund construction, renovation and other improvements at 15 airports and airstrips around the country. While many of these projects are specifically aimed at increasing tourist traffic through Chile’s national and international airports, cargo transport is also expected to grow as a result of these investments.
Cargo transport through Chilean airports has already reached 300 million tons annually, 90 percent of which consists of foreign goods.
“We have a growing country, with a business-friendly environment; we are interconnected with the world,” said Fontaine. As improvements in infrastructure continue, Chile hopes to solidify its place as an important bridge between the powerful emerging markets of Asia and Latin America.