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The Mutual Trade Portal was presented in Chile at the Intergovernmental Commission

October 30, 2015

The Mutual Trade Portal was presented in Chile at the Intergovernmental Commission
The portal was presented at the 8th meeting of the Intergovernmental Russian-Chilean Commission for Trade and Economic Cooperation, which was held in Santiago on October 30. The meeting was chaired by the Director of the Central Department for International Economic Relations of the Chilean Foreign Ministry Andres Rebolledo and the Head of the Rosselkhoznadzor Sergei Dankvert. During the event, issues of cooperation in such areas as trade, investment, energy, industry and agriculture, as well as fisheries, information technology, education and science were discussed. In her speech, the founder, Chairman of the Board of Directors Anna Nesterova noted the importance of economic relations with the Chilean side. At the same time, she said, the trade turnover between Russia and Chile is falling, despite the introduction of sanctions and the possibility of Russia replacing European imports with Chilean. Chile has a very strong agricultural sector, which can and should create competition for food products from Europe, she stressed. The portal of mutual trade of the countries of Latin America, South-East Asia and BRICS will allow not only to increase the mutual trade turnover between Russia and Chile, but also to solve other problems facing the economies of the countries. Among the main advantages of the Portal were the following:
  • The use of a database of companies from 33 countries in Latin America, Southeast Asia and the BRICS, as well as product characteristics and its price will allow the economies of Russia and Chile to increase their competitiveness. Companies from these countries will be able to choose the most high-quality and cheap components, equipment and materials.
  • Due to the possibility of placing the parameters of the investment project on the Portal, clear and understandable conditions will be created for attracting investments to the countries.
  • The portal provides an opportunity to profitably and effectively invest funds by having a list of investment projects on it, which can be selected according to a number of criteria. This will expand and diversify the geography of investments and will increase the number of mergers and acquisitions, which will positively affect the economies of Russia and Chile.
  • Following the meeting, the Chilean side expressed its full support for the project, as well as its readiness for further cooperation.