TOKYO – Chile announced on Wednesday the opening of an office in Japan that would promote investment – the first of its kind in Asia that would serve as a bridge between the Latin American country and Japan.
The move was announced during a visit to Tokyo by a Chilean public-private delegation headed by former President Eduardo Frei, General Director of International Economic Affairs Paulina Nazal and director of InvestChile Carlos Alvarez.
Alvarez said in a press conference that the main purpose of the visit was to promote investments in Chile.
The new office would serve as a bridge between Japanese companies and investment opportunities that exist in Chile, the InvestChile director explained.
Frei, who is a special ambassador for the Asia-Pacific region, said that Japanese companies have been major investors in Chile and that he valued the fluid relationship between the two countries, which have recently completed 120 years of bilateral relations.
In this regard, Alvarez said that they were convinced that great potential exists for attracting further Japanese investment and mentioned a series of sectors showing high growth and of particular interest to Japanese companies.
These sectors include information technology services, mining equipment, solar energy, special interests tourism and the agri-food sector, with a special focus on gourmet products and functional ingredients.
The Chilean delegation said that the creation of the new office was a milestone and that it would also serve as a platform for attracting investment from other Asian countries within the framework of InvestChile.
The representatives from the public-private sector also participated on Wednesday in Tokyo in a seminar on investments aimed at searching for business opportunities for both countries, which was attended by more than 250 Japanese and Chilean entrepreneurs.
The Chilean delegation’s visit will last until Oct. 20 and includes visits to several Japanese companies.
The total trade between the two countries stood at $12 billion in 2011, although it has fallen gradually in the last few years, and stood at $7.4 billion in 2015.
Japan is currently Chile’s fourth largest trade partner – after China, the United States and the European Union – and its fourth largest investor.