Chile

Chile

New FDI promotion and development strategy enters into force

16 Mar 2022

Chile's "foreign investment promotion and development strategy" came into force on March 16, 2022, after being adopted in October 2021. This strategy provides a framework for InvestChile to promote foreign investment and includes an action plan for proactively attracting foreign capital. It also outlines criteria for targeting company search tasks and strengthens coordination between services and ministries involved in investment promotion. The strategy's main goal is to promote economic recovery and sustainable development in Chile, and it identifies four key themes to achieve this: growth, transformation, sustainability, and impact.

The strategy defines 17 criteria for the proactive search and attraction of foreign direct investment, including the contribution to sustainable development goals, the development of regions, the diversification of the origin and destination sectors of investment, the creation of permanent jobs, and the promotion of projects that address global challenges. By adopting this strategy, Chile aims to attract more foreign investment that supports its economic recovery and contributes to sustainable development.