Chile seeks investment in Thailand

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chile flagInvestors from Chile are looking at Thailand for investments in steel, fertiliser and pharmaceuticals,according to the Chilean Ambassador to the country, Javier Baker.

Both countries have signed a free-trade agreement to promote trade and investment to become effective in 2013, and Thailand is now positioning itself as an investment hub for Chilean investors to expand in ASEAN. At the same time, Chile has been inviting Thai investors to do business in Chile mainly in copper mining, salmon raising and wine-making.

Magotteaux Co, a steel manufacturer from Chile, has just entered Thailand. The largest medicine producer in South America and Chile is also highly interested in setting up in Thailand. Furthermore, Soquimich, a fertiliser manufacturer, plans to establish its head office in Bangkok. Chile has also moved ProChile, a government agency responsible for trade and service promotion, from its base in Vietnam to Thailand.

Under the free-trade agreement, duties on at least 90 per cent of merchandise trade between both sides would go to zero.

Thai products with good potential for accessing the Chilean market are automobiles, canned fish, polymers, electric appliances, construction materials, cement, rubber and products and jewellery. The Chilean product that would face the strongest demand in Thailand is copper. Thai rice would also see easier market access since Chile would gradually cut duties for Thai rice over five years. Service businesses including spas, massage, retail and wholesale, engineering, architecture, construction, tourism and hotels would find many opportunities in Chile.

Chile is Thailand’s third largest trading partner in Latin America after Brazil and Argentina. Thailand saw a trade surplus of $278.07 million with Chile in 2012. Exports to Chile grew 21.05 per cent to $628.25 million, while imports from Chile slipped 2.1 per cent to $350.18 million.

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Reading Time: 1 minute

Investors from Chile are looking at Thailand for investments in steel, fertiliser and pharmaceuticals,according to the Chilean Ambassador to the country, Javier Baker.

Reading Time: 1 minute

chile flagInvestors from Chile are looking at Thailand for investments in steel, fertiliser and pharmaceuticals,according to the Chilean Ambassador to the country, Javier Baker.

Both countries have signed a free-trade agreement to promote trade and investment to become effective in 2013, and Thailand is now positioning itself as an investment hub for Chilean investors to expand in ASEAN. At the same time, Chile has been inviting Thai investors to do business in Chile mainly in copper mining, salmon raising and wine-making.

Magotteaux Co, a steel manufacturer from Chile, has just entered Thailand. The largest medicine producer in South America and Chile is also highly interested in setting up in Thailand. Furthermore, Soquimich, a fertiliser manufacturer, plans to establish its head office in Bangkok. Chile has also moved ProChile, a government agency responsible for trade and service promotion, from its base in Vietnam to Thailand.

Under the free-trade agreement, duties on at least 90 per cent of merchandise trade between both sides would go to zero.

Thai products with good potential for accessing the Chilean market are automobiles, canned fish, polymers, electric appliances, construction materials, cement, rubber and products and jewellery. The Chilean product that would face the strongest demand in Thailand is copper. Thai rice would also see easier market access since Chile would gradually cut duties for Thai rice over five years. Service businesses including spas, massage, retail and wholesale, engineering, architecture, construction, tourism and hotels would find many opportunities in Chile.

Chile is Thailand’s third largest trading partner in Latin America after Brazil and Argentina. Thailand saw a trade surplus of $278.07 million with Chile in 2012. Exports to Chile grew 21.05 per cent to $628.25 million, while imports from Chile slipped 2.1 per cent to $350.18 million.

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