Under the new law, a Committee of Ministers will be created to advise the President of the Republic on defining the country’s foreign investment policy, along with a Foreign Investment Promotion Agency in line with OECD standards.
Santiago, 16 June 2015. President Michelle Bachelet promulgated the new Framework Law for Foreign Investment in Chile this morning in the La Moneda Palace in a ceremony attended by Finance Minister Rodrigo Valdés and Economy, Economic Development and Tourism Minister Luis Felipe Céspedes.
The new law is one of the measures on the Productivity, Innovation and Growth Agenda coordinated by the Economy Ministry and reflects the recommendations of the Presidential Advisory Commission on foreign investment convened as part of the undertakings entered into by the government during the passage of a tax reform last year.
For more information please visit: Foreign Investment Committee