• Minister García also spoke with the executives at the “Streamlining Investment: Practical aspects of the new Framework Law on Sectoral Authorizations” conference, organized by InvestChile.

The Joint Minister of Economy and Energy, Álvaro García, met with about 20 representatives of foreign chambers and embassies at the “Streamlining Investment: Practical aspects of the new Framework Law on Sectoral Authorizations” event, organized by InvestChile.

At the conference held at the ministry’s offices, the minister provided details and answered questions about the new law published last September, which aims to simplify and expedite permitting for projects across various sectors, including energy, mining, health, and infrastructure.

Acting InvestChile Director Juan Pablo Candia welcomed the attendees. The primary focus was a presentation by Minister García, who emphasized Chile’s position in foreign investment, outlined the scope of the new Framework Law on Sectoral Authorizations, and discussed its advantages for investment projects in Chile.

The acting InvestChile Director noted that foreign investment has been a driving force for development for decades. According to projections by Chile’s Corporación de Bienes de Capital, foreign investment will account for 74.4% of the more than US$60 billion in private investment expected to materialize by 2028. Additionally, “international companies are currently leading investment in industries key to addressing the climate crisis, including renewable energies and critical minerals, and also in the development of technological and digital infrastructure.”

“Today we have a new scenario, which we hope will pave the way for foreign companies to undertake projects in our country, develop them and continue to contribute employment, technology, training and best practices to our economy,” said Candia.