At a forum on new energies, members of the business community and government officials from the two countries exchanged ideas on renewable energies.

On April 16, 2016, the forum entitled Investment Opportunities in the Renewable Energy Sector: Chile–El Salvador, set out to demonstrate El Salvador’s investment potential in relation to renewable energy to Chilean government officials and members of the business community.

El Salvador’s Deputy Minister of Cooperation for Development, Jaime Miranda Flamenco, opened the forum and stated (link in Spanish) that enormous efforts are being made to continually improve the country’s business and investment climate, which is reflected in the sustained increases in foreign direct investment and exports recorded in 2015.

El Salvador’s ambassador to Chile is working with the Chilean government and business community through its Department of Economics, Trade, and Tourism (CECT) to encourage Chilean businesspeople and investors to explore the country’s potential as an ally and strategic partner. In so doing, they are seeking trade facilitation, the transfer of export-related knowledge and techniques, and cooperation activities for export promotion. The hope is to develop a fruitful business connection between these two Latin American countries in the field of renewable energy, which undoubtedly has great economic potential and could also significantly increase wellbeing at the global level.