Chilean economy ripe for exporting.
A group of Chilean entrepreneurs, as well as representatives from the Chilean economic development agency (CORFO CORFO Corporacion del Fomento de la Produccion (Chile)
CORFO Corporación de Fomento del Río Colorado (Argentina) ), and the Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Embassy in Chile came from Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. to Sudbury to spread the word about how Canadian businesses Canadian Business is the longest-publishing business magazine in Canada. It was founded in 1928 as The Commerce of the Nation, the organ of the Canadian Chamber of Commerce. The magazine was renamed Canadian Business in 1933. can benefit in mining markets in Chile, Argentina, Bolivia and Southern Peru by making connections in Northern Chile. The delegation was in Canada during the week of Dec. 9 to Dec. 13, making a stopover in Sudbury on Dec. 10 and in North Bay on Dec. 11.
"My main message is that Chile, and the region of Antofagasta in particular, is one of the most interesting mining regions in the world right now," said Rene Faraggi, the Chilean and Argentinean commercial counsellor for Ontario Exports, an agency of the government of Ontario The Government of Ontario refers to the provincial government of the province of Ontario. Its powers and structure are set out in the Constitution Act, 1867.
In modern Canadian use, the term "government" refers broadly to the cabinet of the day, elected from the Legislative . "The region has a - great metallic and non-metallic mineral wealth...mining companies located in that area, which are the biggest ones in the world; buy more than $1.2 billion (US) per year in products."
Unfortunately, Faraggi added, Canadian companies This is a list of companies from Canada.
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Current Companies only provide approximately five to 10 per cent of those products.
Gonzalo Munoz, the commanding officer at the Canadian Embassy in Chile, was also on hand at the business seminar held at Cambrian College Cambrian College is a college of applied arts and technology in Greater Sudbury, Ontario, Canada. Established in 1967, and funded by the province of Ontario, Cambrian has campuses in Sudbury, Espanola and Little Current. in Sudbury. During the seminar, he indicated that Chile is the world's largest producer of copper and that the country exports more copper than any other country in the world. In addition, he pointed out that 40 per cent of the world's copper reserves are situated in Chile and that 20 per cent of those reserves are found in the Antofagasta region.
"Basically, the picture is that Chile is a fantastic marketplace for mining suppliers and we would like very much to have Canadian suppliers come and participate and do business in Chile, particularly in the Antofagasta region," he concluded. "Antofagasta is Chile's most important mining district."
Faraggi noted there are too many opportunities, incentives, and advantages to investing in the Chilean mining market for Canadian businesses to pass up.
"We can provide them incentives and facilitate the process for what I call the soft landing of a company in a new market," he said. "You can have the advantage of getting a better opportunity for your products, which you do not have right now because you are far away, and secondly, you are getting the opportunity to serve your client in a more accurate way."
One particular incentive he mentioned was the non-double-tax incentive in which a business that does decide to invest in the Chilean mining market would only be taxed once, rather than by both countries. He also mentioned various incentives, like subsidies. for hiring manpower, pre-investment subsidies oriented o·ri·ent
1. Orient The countries of Asia, especially of eastern Asia.
a. The luster characteristic of a pearl of high quality.
b. A pearl having exceptional luster.
3. to detect real opportunities in the area, support in establishing minimum risk capital funds that would provide support for mining explorations and sales of products, and the establishment of purchasing power Purchasing Power
1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase.
2. that would permit a business to reach scales for more efficient product sales.