Both Santiago and Paris share the same vision on the importance of multilateralism and sustainable development.
A few days ago it was confirmed that the President of France, Emmanuel Macron, will make an official visit to Chile, to strengthen ties on various matters and to hold in-depth talks with the Head of State, Gabriel Boric.
The European leader will arrive at the end of a trip to the G20 summit in Rio de Janeiro, Brazil: he will arrive in Chile on November 19, at around 10:00 p.m., and will stay for three days.
THE OBJECTIVES AND INTERESTS OF MACRON'S VISIT TO CHILE
La Moneda stressed that the meeting between the presidents will seek to strengthen the political and economic relations of both countries, as well as cooperation on environmental issues, artificial intelligence and cultural exchange.
Both Chile and France share the same vision on the importance of multilateralism and sustainable development.
Our country is France's third largest trading partner in Latin America, behind Brazil and Mexico, both in terms of the number of companies established there and in terms of trade.
Bilateral trade is regulated by the Chile-EU Association Agreement in force since 2003, whose modernization will materialize with the entry into force of the AMA, signed on December 13, 2023 in Brussels.
France has an investment stock in Chile of USD 1,739 million (2023), which represents 1.8% of European investment in Chile and 0.6% of foreign direct investment in Chile.
At the same time, Chile's investment stock in France is 262 million (2023).
Currently, nearly 300 subsidiaries of French companies (three-quarters of which are CAC 40 companies) operate in most sectors of the Chilean economy, such as banking and insurance, industry, distribution, the automotive sector, aeronautics, electronics, energy, water and transport.
And in this context, President Emmanuel Macron will seek to strengthen ties with Chile, focusing on cooperation in renewable energy and investment in general for the energy transition, which means more jobs for Chile, La Moneda reported.
“In this regard, our country is a leader in this transformation in the Latin American region, especially in solar and wind energy,” he added.
MORE CHILE-FRANCE LINKS
In general terms, the official visit of the French president, the Chilean government said, “seeks to strengthen ties in strategic areas such as science, renewable energy, critical minerals, artificial intelligence and education, among others, as a way of advancing towards the well-being of society and creating an interconnected network to promote innovation, sustainability and progress.”
Chile and France have a close collaboration on ocean and environmental issues, based on the “shared commitment to the protection of marine ecosystems and the fight against climate change.”
Both countries, with long coastlines and rich marine biodiversity, have joined forces in several initiatives for the conservation and sustainability of the oceans, among which the international initiative for Deep Sea Biodiversity (BBNJ) stands out.
From a foreign policy and multilateralism perspective, both France and Chile share common interests in Latin America.
“As leading players in their respective regions, both countries can work together as strategic allies in multilateral forums to promote shared objectives, such as combating climate change, developing added value and fair trade, strengthening democracy and protecting human rights,” the government stressed.
