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Latino Daily News

Wednesday December 5, 2012

Spanish and Latin American Businesses Make Investment Pitches to Chinese Companies

Companies, investment promotion agencies and diplomats from more than 140 countries, among them Spain and several from Latin America, attended the fourth edition of the China Overseas Investment Fair.

The fair wrapped up on Tuesday in Beijing.

This edition had delegations from Mexico, Uruguay, Colombia, Argentina, Ecuador, Peru and Chile, as well as one from the Spanish region of Catalonia.

The event’s executive secretary for organization, Wang Hongtao, told Efe that the fair’s objective is “to establish a platform for communication among all the parties” and he particularly emphasized the growing importance of Latin American nations in the world.

“These countries did not suffer so directly the impact of the world economic and financial crisis, and we observe that they are more proactive in investment than other countries from Africa, Asia, Europe and North America,” Wang said.

After speaking before about 100 of the fair attendees, the investment advisor of Proexport Colombia, Estela Sun, told Efe that the “hottest” sectors for investment are the traditional ones such as energy, mining and infrastructure.

“However, we’ve also noted a certain interest in industries with greater value added, like the automobile industry, petroleum ... or services,” she said.

Regarding the Spanish representation at the fair, she emphasized the presence of the organization Invest in Catalonia, which seeks to attract investors for assorted sectors, including the automotive sector, pharmaceutical industry, biotechnology and agriculture.