Financial Diary From Chile: Chile-Peru "
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l was held last Thursday principal Peruvian brokerage, Cade 2009. Similar to our Enade, the event was attended by leading businessmen of that country and was the occasion chosen by Mario Brescia to emphasize that the recent reversal of the group in Chile "is a contribution to the task of building a new model of coexistence."
The words of the employer, who with his brother led the purchase of the Lafarge cement plant for U.S. $ 555 million, are particularly pertinent given the complications that have arisen in the Chilean-Peruvian relations in recent weeks after allegations of an alleged espionage by Chile. A new episode in addition to the differences between the two countries in relation to maritime boundary, a topic which is known to the neighboring country led to the International Tribunal in The Hague.
Fortunately, the political climate does not fit with what happens in trade and investment. The strong Chilean presence in retail has been one of the protagonists of the fluid relationship that has taken place between the two countries when it comes to business.
Groups Romero, Pastor Rodriguez and Brescia are some major examples of the Peruvian presence in the Chilean market. To all this, plus free trade agreement that kept the two nations.
In fact, as listed in the register of investment in the third quarter of the Chamber of Commerce in Santiago, Peru concentrated the highest amount of Chilean investments in the previous seven months. Thus, from 1990 to September this year, the country has received about U.S. $ 7 billion investment by Chilean companies.
All this implies that the relationship of both countries on trade and investment was not dependent on all these years of avatars that live at the political level. Therefore, we should consider the present moment as a new episode of complication of bilateral political relationship, without going to qualify the events themselves and not think that from now on diametrically change the links that have been held so far.
More than called to cancel trade agreements, what is required now is not to raise the tone of the discussion. The potential exists in both countries to further develop trade and investment relationship is so great, that would be a pity if all this is hindered by issues that should continue to be handled only on the political track.
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