Foreign Minister Alfredo Moreno spoke at the inaugural panel of the "Latin American Day" together with his Colombian counterpart, María Ángela Holguín and Mexico's Secretary of Economy Ildefonso Guajardo Villareal. The event, organized by the Latin American Foundation (Lateinamerika Verein) and the Chamber of Commerce and Industry of Hamburg, also had panels of experts on infrastructure, logistics, raw materials and investment.
In his speech, Minister Moreno highlighted the advantages of the Pacific Alliance as a pole of attraction for German investors and noted our country's ongoing economic growth and purchasing power. "Chile is on the verge of becoming an industrialized country; this is partly due to the opening of its market. In the past 20 years, the country has opened up to foreign investment, and therefore to international economy, he said.
The Chilean minister affirmed that taking into account that Chile is a small market, being part of the Pacific Alliance will generate a large number of opportunities and facilitate an increase in trade and experiences among Latin American countries.
With regard to investment opportunities in the countries of the Pacific Alliance, Minister Moreno said that the projections point to extensive growth, particularly in sectors such as mining and infrastructure. This thanks to clear rules and stability. "Our countries respect foreign investment and we ensure the ease of doing business. We have the resources and you have the know-how and experience," he noted.
He further stated that other countries are highly interested in learning about the Pacific Alliance, which is expressed in the current growing number of observer countries to the regional integration mechanism. Germany formally requested its inclusion as an observer to the mechanism.
"The Alliance has allowed us to join forces among countries with an identical view of the future, an open view towards the world and investment," he concluded.