• Karla Flores took part in the Chile-Brazil Business Forum, where she highlighted increased Brazilian investment in Chile.

InvestChile Director Karla Flores was part of the delegation that accompanied the President of Chile, Gabriel Boric, on his state visit to Brazil. As part of the Chile-Brazil Business Forum in Brasilia—organized by Brazil’s National Confederation of Industry and Entrepreneurship, the Brazilian MSME Ministry, along with the Chilean Embassy in Brazil, Chile’s Undersecretary for International Economic Relations, SOFOFA, ProChile and InvestChile—Flores participated in a panel entitled “Investment Opportunities and the Brazil-Chile Context”.

The President of the Brazilian Chapter of the Conselho Empresarial, Walker Lahmann, moderated the event. Other panel participants included the Brazilian Planning and Budget Minister Simone Tebet, the Brazilian Secretary of Foreign Trade Tatiana Prazeres, the Chief Operating Officer of Seara, a JBS company, Daniel Ávila, and the Chairman and Director of Arauco in Brazil, Carlos Altimiras.

Director Flores emphasized that Brazil is an important partner for Chile as its tenth-largest investor and leading Latin American investor, with almost US$3 billion in stock. Similarly, it is also the world’s largest recipient of Chilean investment.

The InvestChile portfolio currently contains 32 projects totaling US$1.9 billion from Brazil, most of which are in the technology infrastructure sector. The figure represents exponential growth in the past eight years, as the portfolio only contained 14 projects totaling US$269 million from Brazil in 2017.

The InvestChile director also attended the meeting and the joint statement by President Gabriel Boric and Brazilian President Luiz Inácio Lula da Silva at the Planalto Presidential Palace.

On Wednesday, April 23, Flores participated in the roundtable event entitled “Business and Investment Opportunities on the Bioceanic Corridor”, which addressed various aspects pertaining to the international megaproject aiming to connect Chile with the Atlantic Ocean and Brazil with the Pacific through road and port integration efforts.