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08.25.08

» BNDES and the Chilean Corfo expand technical cooperation

BNDES and Corporación de Fomento de la Producción (Corfo), from the Chilean government, signed on Monday, 25, a memorandum of understanding to expand technical cooperation. The MOU outlines common tools for innovation support policy-making; strengthening of micro, small and medium sized businesses; and boost to Brazilian investments in Chile and Chilean investments in Brazil.

In order to reach these goals, the memorandum aims at promoting the exchange of information between these institutions on financing facilities and other financial support tools, also disclosing business and investment opportunities among Brazilian and Chilean companies.

Information may be exchanged through joint studies, seminars, conferences, forums and other events organized by the parties.

Corfo, a Chilean self-managed organization, is intended to support and finance economic and social development projects in Chile, focused on strengthening and setting up innovative businesses engaged in the foreign market.

Brazil and Chile signed, in July 1990, a scientific, technical and technological cooperation framework agreement, which was the starting point for the cooperation among institutions and public agencies of both countries. In April 2007, the parties signed a memorandum of understanding covering science, technology and innovation.


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