The study analyzed the trends in trade in goods and trade in services, both bilateral and also with the rest of the world. Whilst the current trade volumes are low, the potential to increase trade is higher as well as an opportunity to serve as each other’s gateway into their respective regions. Similarly, the study also analyzed flows in investments. Whilst there is notable low investment in each other’s economies, data on Foreign Direct Investment remains a challenge as it is not available.
Despite limitation on data on trade in services, the study identified opportunity to enhance trade in services. Chile and South Africa agreed to expand the two-way trade in goods and services based on complementarities according to their respective national economic development strategies. The foreign direct investments (FDI) also remains low with a growing number South African companies investing in Chile in sectors such as hospitality, mining and mining related services. Chilean companies are also starting to invest in South Africa and also exploring opportunities in the rest of the continent.
|Nombre Publicación||Joint Study to Enhance Trade and Economic Relations between South Africa and Chile|
|Fecha Publicación||30 de agosto de 2016|
|Número de Páginas||152|