Chile seeks investment in Thailand

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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Investors 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...

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.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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