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October 5, 2022
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Blinken says the US is working to increase its investments in Chile

US Secretary of State, Anthony Blinkensaid on Wednesday that he is working to increase his investments in Chile and said that he is “convinced” that they can rise in parallel to the constitutional process that the country is going through.

“The relationship is already strong in terms of trade and investment, but we are convinced that it can increase and become even stronger,” Blinken said at a joint press conference in Santiago de Chile with the Minister of Foreign Affairs, Antonia Urrejola.

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The leader of US diplomacy responded in this way when asked about how the constitutional process that Chile is going through, which a month ago overwhelmingly rejected the proposal for a new Constitution in a referendum, can affect investments in the country.

Blinken avoided giving his opinion on the political situation since, he said, it is something that “depends on the Chilean people and is not an issue that concerns the United States.”

However, the Secretary of State said that in Chile “there are enormous opportunities for business and investment” thanks to its “leadership against the climate crisis.”

“We are looking at ways to increase US investment,” the official said.

He explained that the Andean country “is very well positioned” to create “green economy jobs” related to renewable energy and technology for sustainable development.

And he also promised to channel investments through regional development banks.

On this subject, Minister Urrejola assured that her Government is “working very hard” to obtain investments throughout the world, and gave the example of President Boric’s trips to Canada and the United States.

He assured that several countries have shown interest in “investing in renewable energies” in Chile and improving production chains, and said that he hopes to close a trade agreement with the European Union.

“We have a very open investment agenda and we are very well on the way,” said Urrejola.

The press conference took place after the meeting between Blinken and the Chilean president, Gabriel Boric, at La Moneda, the presidential seat, as part of the US Secretary of State’s tour of South America.

Boric described the meeting on social networks as “very good conversation”.

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