Chile and Pennsylvania tighten already close relationship

Latest commerce agreement between Chile and the State of Pennsylvania aims at further fostering business relations and investment opportunities.

 

Chile and the U.S. state of Pennsylvania’s already strong business partnership was further fortified last month when the Chambers of Commerce for both signed a “sister chambers” agreement.

The Pennsylvania Chamber of Business and Industry, the Chilean-American Chamber of Commerce, and the Chilean & American Chamber of Commerce of Greater Philadelphia signed an agreement which aims to promote and take full advantage of business investment opportunities.

“The agreement further solidifies what is already an important trade relationship between Pennsylvania and Chile, and reinforces the Pennsylvania Chamber’s desire to work with our Chilean colleagues to foster mutually beneficial new business opportunities,” state chamber President and CEO Gene Barr said in a statement.

The newly strengthened business relationship will include the sharing of valuable market research information and investment potential. It also hopes to open the door for joint-meetings and exhibitions to highlight new businesses and investment opportunities.

This latest announcement follows on the heels of the Pennsylvania Gov. Tom Corbett’s visit to the Andean nation in April. During that earlier trip, Corbett met with Chilean President Sebastián Piñera to discuss furthering cooperation between his state and Chile in a wide range of areas including education, energy, mining, agriculture, science and technology, and cultural exchanges.

“I led a Jobs First Mission this spring to South America to open new ventures for economic growth and job creation while further solidifying our trade relationship,” Corbett  said. “We returned from the mission less than three months ago and we are already seeing the positive results. The partnership formed today between these highly regarded chambers of commerce will enhance trade and promote mutual investment in both Pennsylvania and Chile.”

Chile is the 23rd largest export destination for Pennsylvania, receiving $316.8 million in exports from the east coast state in 2011. Reversely, the Port of Philadelphia is the top destination for Chilean fruit.

According to the Chilean Economic Development fund, Chile is the most important fruit supplier in the Southern Hemisphere, providing 50 percent of South American fruit exports to Europe, the U.S. and the Far East. Thanks to the protection of the Andes Mountain Range and the wide variety of climates found throughout Chile, the country is capable of growing many different fruit and other food products year-round.