Asuncion, IP Agency.- Chilean President Gabriel Boric held a meeting this morning with Paraguayan businessmen, where he pointed out that openness to the world with active autonomy and the construction of long-term institutions and policies are key factors that allow Chile to attract foreign investment and stimulate the development of its national industry.
In response to questions from the Paraguayan business sector, President Gabriel Boric said that Chilean industrial development is stimulated by a set of factors that allow for an “ecosystem” that guarantees long-term investment, both foreign and local.
One of the components of this ecosystem is openness to the world and the establishment of bilateral agreements with countries with different geopolitical orientations.
“Chile’s strategy has been to open up to the world, but this openness has come hand in hand with a position of active autonomy with respect to the large blocs,” he said.
In this regard, he stressed that Chile was the first country in America to recognize and have a free trade agreement with China, which is currently its main trading partner.
“We also have a treaty updated last year with the European Union, and a free trade agreement with the United States. This allows us a diversity of partners that goes beyond the political and geopolitical ups and downs of the world,” he said.
Another factor he mentioned was the construction of institutions and policies with a long-term vision. “Being the second country with the highest levels of foreign direct investment in the region has to do with a state policy that goes beyond the government in power,” he said.
In this regard, he indicated that there are certain issues such as energy policy or the autonomy of the Central Bank that are established as state consensus.
“The development strategy for the green hydrogen industry, for example, which has enormous potential and requires long-term investments, was carried out in conjunction with technicians and politicians from various sectors. This is important to ensure the permanence of public policies regarding industries that require a long-term vision,” he explained.
He also mentioned that the approach to establishing alliances and attracting investments involves a vision of developing the national industry and establishing value chains in Chilean territory.
“When I go to meet with the European Union and we sign an agreement regarding the potential of lithium, the first thing we tell them is that we do not simply want to export the product of our land but that we want to create added value,” he said.
He also pointed out measures that protect the national industry, such as the decision, in the face of the takeover by Chinese steel, to establish a surcharge on this foreign product and favor the survival of the Chilean steel industry. He argued that these decisions were made with technical arguments.
“This is a combination of openness to the world, political autonomy, stable long-term institutions that go beyond the ups and downs and the political trenches of everyday life, but increasingly a concern for the national industry that allows us to have productive chains and technological transfers that are virtuous for the productive ecosystem of our country,” concluded the president.
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2024-07-20 00:31:55
