Xi's visit expected to boost Chinese investment in Chile: Chilean official

10:08, June 09, 2011      

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Chinese Vice President Xi Jinping's upcoming visit to Chile is expected to boost China's investment in the South American country, a senior official of Chile's Foreign Investment Committee (CIEC) has said.

"The visit of Vice President Xi and the visit of Chilean President Sebastian Pinera to China last year are consistent signals of the friendship between the two countries," Matias Mori, CIEC's executive vice president, told Xinhua in an interview earlier this week.

"It is very important that our country is on his agenda, it's a powerful signal, taking into account that he will only visit four nations on this trip," Mori added.

He said that Chinese investment in Chile is expected to grow in the coming years as the two countries have already forged solid trade relations based on trust and friendship.

China and Chile signed a free trade agreement in 2006. In 2010, bilateral trade reached 25.83 billion U.S. dollars, Mori said.

"China is Chile's main trading partner today, and Chile is China's second most important trading partner in the region," he said.

Mori said the CIEC has set up a special Chinese-language website to deal with investment queries from Chinese companies. It has also set up a special department called the "China Desk" for Chinese investors.

"At our website, the investors can find information about specific projects and investment opportunities in different areas such as real estate, energy and mining," said Mori.

"There are investment opportunities in Chile which are very attractive for Chinese investors, but there are still a lot of Chinese companies that don't know the comparative advantages that Chile has," he said.

To deal with this problem, the committee has hired Chinese staff to provide better service to potential Chinese investors, and a growing number of publications on investment opportunities in Chile have been translated into Chinese, he said.

Chile is the last leg of Xi's four-nation tour, which has already taken him to Italy, Cuba and Uruguay.

Source: Xinhua
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