Read the letter in Diario Financiero.
Dear Editor:
One year after the entry into force of the Double Taxation Agreement between Chile and the United States, the market has made a positive assessment of the treaty: trade between the two countries exceeded US$30 billion in 2024. There continues to be strong interest in investing in the United States in passive income, real estate, and operating businesses, along with an increase in individuals seeking to relocate to the country. Regarding U.S. investment in Chile, we also observe a significant increase.
In fact, InvestChile reported that in 2024 U.S. investment rose by 107%, linked to U.S. concerns over the growth of Chinese investment in strategic sectors such as lithium and port infrastructure. In this context, the Agreement marks a milestone and allows Chile to enter the U.S. market more competitively than the rest of Latin America, as in the region only Mexico and Venezuela have active agreements. This strengthens Chile’s position and improves competitiveness compared to countries that already had treaties with the U.S., such as Norway, Sweden, or Canada.