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Minister Céspedes heads second meeting of Committee of Ministers for the Promotion and Attraction of Foreign Investment

The Committee discussed the strategy that InvestChile will implement in 2017.

The second meeting of the Committee of Ministers for the Promotion and Attraction of Foreign Investment took place this morning. It was chaired by the Minister of Economy, Economic Development and TourismLuis Felipe Céspedes, and attended by the Ministers of Energy, Andrés Rebolledo, and Agriculture, Carlos Furche, and the Undersecretaries of FinanceAlejandro Micco; Foreign Relations, Edgardo Riveros; and Mining, Erich Schnake.

The Committee, established under the new Law on the Promotion and Attraction of Foreign Investment which came into force this year, listened to a presentation by the Director of InvestChile, Carlos Álvarez, reporting on the Agency’s main activities in 2016 and its plans for 2017.

Álvarez indicated that, in 2016, InvestChile worked on a portfolio of 130 projects that are at different stages of their implementation and which, if materialized, would represent a potential investment of up to US$8,772 million and the creation of an estimated 5,607 new jobs.

Its strategic plans for 2017 include the opening of three offices overseas: in San Francisco (United States), Frankfurt (Germany) and Tokyo (Japan). Álvarez also reported that the Agency will be focusing on attracting foreign companies in the following sectors: Suppliers of Mining Services, Technology and Equipment; the Sophisticated Food Industry, particularly functional foods and ingredients; Energy and Logistics Infrastructure for Sustainable Development, including technology related to clean energies; Global Services, which is one of the areas of InvestChile that has been reinforced; and Sustainable Tourism.