Analysts at Goldman Sachs, a bank, reckon that a 10% drop in commodity prices might shave more than a percentage point from gdp growth in Peru and Chile: both are exporters of industrial commodities such as copper that rely heavily on demand from China.
The National Pork Producer’s Council (NPPC) trade committee traveled to Santiago, Chile, in mid-February to meet with Chilean government officials and Chilean pork industry representatives to discuss the challenges and opportunities faced by both industries. The U.S. has a free trade agreement (FTA) with Chile that went into effect in 2004. Since that time, U.S. exports to the country have increased by nearly 100%.
More than 200 Chilean businesspeople and private sector leaders delivered a document to the government with proposals to address climate change. The document states that Chile is only responsible for 0.25% of greenhouse gas emissions but the country meets seven of the nine criteria for climate vulnerability. The document addresses sectors such as energy, water, telecommunications, tourism, agro-forestry and construction, among others.
The National Statistics Institute (INE) reported that the Consumer Price Index (CPI) for February registered a monthly variation of 0.4%. This means that inflation has doubled from the average market expectation of 0.2% in a month marked by strong dollar increases, and has accumulated a 1% rise so far this year.
Lithium Chile Inc. announced the acquisition from Kairos Metals of previously held properties that are prospective for gold, silver and copper. This transaction will allow Lithium Chile to expand into the precious metals area while it awaits drilling approval from local indigenous communities to further its lithium property portfolio.