1. In focus: Latin America
Antal Nikoletti
Deputy State Secretary of Foreign Economic Relations
2. Global Dynamism Index 2013:
Ranking of the 60 biggest economies
based on growth environment
Chile ranked 18th in 2012
IMF: „A slowing economic growth is expected in Latin
America due to the volatility of previously record high
prices of raw materials,
agricultural and alimentary products in the global
markets.
Chile is a positive example – infrastructural, innovative
and capacity expanding investments from export of raw
materials. Stable constitutional order, successful
economic policy.”
3. Hungarian foreign trade strategy
Opening towards Latin America
52% increase of Hungarian export between 2010 and 2012
Hungarian foreign trade surplus
Strengthening export of Hungarian SME’s to the region
Bilateral trade volumes
21.3
18.6
32.3
28.4
14.1
10.5
7.5
4.5
35.4
29.1
39.8
32.9
0
5
10
15
20
25
30
35
40
45
2010 2011 2012 2013. I-VIII. month
M USD
Exports Imports Trade volume
4. Exports
• Textile and wood
industry products
• Light bulbs
• Pesticides,
pharmaceutical products
• Machines Imports
• Wine
• Seeds
• Dried and frozen fuits
• Tobacco
5. Business opportunities, fields of emphasis
Innovative
constructions
solutions
Agricultural
machines,
watering
installations
Green
investments
Water
purification,
wastewater
treatment
Mining
investments
Medical
instruments,
equipments
6. Development of Hungarian-Chilean relations
• Companies of the two countries
show an increasing interest in
doing business with each other
Increasing
interest
• After the 2009 closing our Chilean
Embassy re-opens in Santiago
Re-opening of
the Hungarian
Embassy
• May 2013: re-organization of the
Chamber
• Improving bilateral relations
(trade, industry, agriculture,
tourism)
Chilean-
Hungarian
Chamber of
Commerce
