Santiago de Chile – During the Latin America mission promoted by the Italian Cabinet and the Ministry of Economic Development, SACE and Banco de Chile signed an important cooperation agreement intended to expand the opportunities for trade and investment between Italy and Chile. Under the agreement, the strengthening of trade relations between SACE and Banco de Chile wants to identify strategic projects and facilitate access to sources of funding for both Chilean companies interested in buying goods and services from Italy, and for Italian businesses interested in investment projects in Chile. The agreement was signed on the sidelines of a business forum that saw the participation of the President of the Republic of Chile, Michelle Bachelet, the Italian Prime Minister Matteo Renzi, and the Deputy Minister for Economic Development Carlo Calenda. In 2014, Italian exports to Chile amounted to €869 million, and have since accelerated in the first 6 months of 2015, with an increase of 18% year-on-year. The main exporting sectors are: mechanical engineering (44.7% of the total), followed by electrical appliances and metal products. (9Colonne)
