Minister Larraín met with President Macri at the G20 meeting

After a series of bilateral meetings with economic authorities of countries such as Spain, Switzerland, India and Singapore, as part of the Third Meeting of Finance Ministers and governors of the G20 central banks Finance, Felipe Larraín, met yesterday with Argentine President Mauricio Macri, who was accompanied by the Minister of Finance and Finance of the trans-national country, Nicolás Dujovne.

At the meeting, the Argentine President thanked Chile for its support Similarly, Minister Larraín, along with his Argentine counterpart and the President, badyzed the uncertainty that spawned the trade war and the economic crisis. escalation of protectionism, as well as the effect this could have on the field of financial markets, of particular concern to emerging economies. In the face of protectionism should aim for more integration and more openness, said the Chilean representative.

Larraín also shared with the Argentine authorities the badysis of the effects of the trade war waged last week in finance with the economic team of President Sebastian Piñera and then in La Moneda with the president in the framework of the Economic Development Committee

Greater integration

The Chilean State Secretary thanked the Argentine authorities for inviting the neighboring country to Chile to participate in the G20. Macri said that he was waiting at the end of November for the Leaders Summit. The two countries have in their respective congresses a Free Trade Agreement (FTA) which deepens the integration established in Mercosur.

Trade

Bilateral trade reached US $ 3.894 million in 2017, with exports totaling US $ 969 million and importing US $ 2.925 million. Among the shipments from Chile to the Trans-African country, natural gas, wines and avocados were distinguished, while internments were led by maize, cargo shipments and wheat.

Chile's services exports to Argentina are also growing, reaching US $ 1,751 million in 2017, an increase of 13% over the past five years.

Beyond trade, Direcon's figures reveal that Argentina's investment stock in Chile amounts to about $ 1,390 million, while Chilean capital of neighboring countries bring in nearly US $ 18,437 million.