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November 2020 E-Newsletter

26 Nov 2020 9:12 AM | Anonymous

November 2020 ALABC E-Newsletter

On the 12th November 2020, an MOU was signed between ALABC and the Chilean Federation of Industry (SOFOFA for the establishment of the Australia-Chile Business Council (ACHBC). The ACHBC will provide a regular platform for a more systematic approach of cooperation, coordination and consultation for the private sector. The mandate of this new organisation is to explore new ways to expand and deepen the business links between the two countries.

This strategic alliance with SOFOFA, represents unique opportunities for the members of ALABC to access key players and decision makers in the Chilean private sector. Given Australia’s outstanding success in managing the current health crisis and the current economic stability, medical and economic conditions in place, there has never been a better time for Chilean companies to explore investment opportunities in Australia.

Chile is home to over 200 Australian companies, of which over one quarter are listed on the ASX200. This is by far the largest Australian presence in Latin America. Some of the Chilean companies already present in Australia are Antofagasta Minerals, SQM, Duratray, ENAEX, Latam Airlines, Arauco and CMPC. In 2009, Chile became just the fifth country in the world to sign a Free Trade Agreement with Australia.

As a member of ALABC you can join this Advisory Group just by simply editing your member profile here:

The Board of ALABC would also like to recognise the importance of diversity and inclusion when delivering our services to our members and stakeholders. We strive to ensure commitments are made between cross cultural, institutional, societal and organisational departments with our members, industry partners, government agencies and the broader community. We will actively engage in promoting our vision and goals and its connections to the business environment between Australia and Latin America. 

Currently, the ALABC board is comprised of 30% women and 50% of our permanent staff is female. ALABC is proud to continue to grow and establish relationships with all individuals who want to develop stronger economic ties between Australia and Latin America. 

Finally, I would also like to draw attention to the Council on Australia Latin America Relations has opened a new Special Grant Round which replaces the 2020-21 grant round postponed earlier this year due to the impact of the COVID-19 pandemic.

The Special Grant Round has the focus theme of ‘Economic Recovery’ and will support innovative activities that use digital technologies to strengthen relationships between Australia and Latin America and contribute to COVID-19 economic recovery. Please click here for more information. 

We hope you are all keeping safe and well in the lead up to the holidays and I look forward to hearing any feedback regarding potential business ventures for 2021. 


Yours sincerely,

Marcelo Salas

Chief Executive Officer 

Australia-Latin America Business Council

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