Chilean-Indonesian Chamber of Commerce and Culture: Weekly News Update

The Chilean-Indonesian Chamber of Commerce and Culture is pleased to bring you the latest updates in the world of commerce and culture between Chile and Indonesia. We have curated the most relevant news items to provide a comprehensive overview of the week's events.

Francisco Lecaros, president of the Mining Foundation of Chile, emphasizes that Chile should not only export minerals but also mining knowledge. The Foundation has launched a massive campaign to educate a million people about the importance of mining in their daily lives, offering educational games, maps, and brochures.

India emerges as one of the most dynamic markets for Chilean fruit exports, with a 53% increase in the first seven months of this year compared to the same period last year. India is now the fastest-growing market among the top 15 destinations for Chilean exports, according to data from the National Customs Service.

Despite the positive results of agricultural exports, other indicators such as production levels, poverty rates in rural areas, and economic and social inequalities in family farming need to be considered for a comprehensive diagnosis of the national agrarian situation. According to the Central Bank data, the exports from the agricultural, forestry, and fishing sector reached $5.601 billion in the first half of this year, a more than 10% increase from last year.

Chile remains the leading lithium producer in South America and second in the world, behind Australia. In 2023, national production reached 270,947 tons of lithium carbonate equivalent, a 4.3% increase from 2022 and a 120.5% increase from 2020. Production is projected to reach 275,000 and 285,000 tons in 2024 and 2025, respectively.

The price of farmed Atlantic salmon from Norway has fallen by 14% since June 2006, but the amounts achieved in August still far exceed those of 2005. Similarly, Chilean salmonids are experiencing a similar situation. The high prices in Europe and Japan have diverted national exports from their traditional market, the United States.

The Chilean Foreign Minister, Alberto van Klaveren, met with the Indian Ambassador to Chile, Abhilasha Joshi, to discuss the upcoming Chile Summit India 2024. This public-private event, organized by ProChile, aims to seek new opportunities in the Asian sector and strengthen ties between the two nations in terms of trade cooperation and initiatives to facilitate the exchange of goods and services.

• Francisco Lecaros, presidente Fundación Minera: “Chile no solo debe exportar minerales, sino que también minería” - NOSTÁLGICA CL (Nostalgica.cl)
• India se ubica como uno de los mercados más dinámicos para las exportaciones frutícolas chilenas – Simfruit (Simfruit.cl)
• Exportaciones y políticas agrícolas – El Clarin de Chile (Elclarin.cl)
• Chile sigue liderando la producción de litio en Sudamérica a la vez que cae valor de las exportaciones – Diario Chañarcillo (Chanarcillo.cl)
• Comercialización de salmónidos continua al alza - AQUA (Aqua.cl)
• Canciller se reúne con embajadora de la India previo al Chile Summit India 2024 - Minrel (Minrel.gob.cl)