Negotiating a Copper and Resource Decline, Asia and Astronomy Beckon

H.E Christian Rehren

19-Apr-13 01:14

Negotiating a Copper and Resource Decline, Asia and Astronomy Beckon

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Ambassador of Chile to Malaysia H.E. Christian Rehren discusses:

- The Malaysia-Chile Free Trade Agreement - Trade value - breakdown;

- Talks on services and investments - commencement - two years implementation of the Trade in Goods Agreement;

- Copper - salmon - wine - as among Chile's biggest industries;

- Chile - Malaysia trade currently favors Chile -- reasons - trade balance - outlook;

- Chile - strongest sovereign bond rating in South America - issues;

- Global Competitiveness Report - Chile; - FTAs - abundance - issues;

- Rule-based countercyclical fiscal policy - reasons - issues;

- Chile - world’s top producer of copper - issues;

- Double-edged sword - over-reliance; - Copper as economic mainstay;

- Global demand - prices - downturn;

- Plunging gold prices not helping - help reduce cash costs of mining copper - double whammy;

- Economic outlook - Chile - copper prices continue declines;

- Oversupply: huge concern; - Resource boom - cost inflation - declining competitive advantage - social frisson - Gini Coefficient;

- Investment in astronomy - historical reasons - innovation - research.

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Tags: bilateral relations, trade and investments, economy, fta

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