Minister Ng launches upcoming Canada Trade Mission to Chile

News release

October 26, 2022 - Ottawa, Ontario - Global Affairs Canada

Today, the Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, launched her upcoming trade mission to Chile.

In January 2023, the Canada Trade Mission to Chile will explore business opportunities in Chile’s clean technology and green growth sectors, and mark the 25th anniversary of the Canada-Chile Free Trade Agreement (CCFTA).

During a virtual information session on October 25, participants received an overview of the program for the upcoming in-person trade mission. They also discussed the market opportunities in Chile and how the trade mission can support Canadian exporters in achieving their international business development objectives.

Minister Ng shared her experience in leading virtual and in-market trade missions and highlighted the many opportunities for Canadian entrepreneurs to meet Chile’s strong and growing demand for clean technology solutions and services. She also participated in a fireside chat with representatives of Canadian companies Solmax and Hytech who spoke about their export journeys in Chile and what led to their success in the region.

Canada and Chile have enjoyed strong diplomatic relations for 81 years, buoyed by equally strong bilateral and commercial relations. Both countries share deep commitments to inclusive trade and gender equality, the inclusion of small and medium-sized enterprises in international trade, responsible business conduct, environmental protection, and labour rights.

Quotes

“Canada’s trade mission to Chile is an incredible opportunity to network with the local business community, participate in business meetings and round tables, have onsite visits, and ultimately start your export journey to Chile.”

- Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development

Quick facts

  • Bilateral merchandise trade has nearly quadrupled since the CCFTA came into force in 1997 and surpassed $3 billion for the first time in 2021.

  • In 2021, Canada exported more than $1.2 billion worth of merchandise to Chile, making that country Canada’s second-largest trading partner in South America.

  • Canadian direct investment in Chile reached $22.4 billion in 2021, with a diversified portfolio in mining, energy, infrastructure, gas, water, chemicals, transportation, agriculture and aquaculture, and storage and financial services (banking and insurance).

  • In 2019, Canada and Chile signed the modernized CCFTA, which contains Canada’s first trade and gender chapter in a free trade agreement.

  • In August 2020, Canada, Chile and New Zealand signed the Global Trade and Gender Arrangement, which makes a commitment to an even wider approach to inclusive trade.

  • On May 22, 2022, Canada submitted a formal request to launch negotiations to join the Digital Economy Partnership Agreement, an innovative trade policy tool initiated by New Zealand, Chile, and Singapore to address global digital economy issues, such as artificial intelligence and digital identities.

Associated links

Contacts

Shanti Cosentino
Press Secretary
Office of the Minister of International Trade, Export Promotion, Small Business and Economic Development
343-576-4365
Shanti.Cosentino@international.gc.ca

Media Relations Office
Global Affairs Canada
media@international.gc.ca
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