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November 4, 1996
(Industry, Trade and Technology)


Trade mission planned for Chile

On Monday, November 11, Industry, Trade and Technology Minister Chuck Furey will lead a delegation of 10 Newfoundland companies on a trade mission to Chile. Newfoundland companies participating in the mission represent the high tech, forestry, metal fabrication and services sectors and will participate in scheduled meetings with Chilean companies with similar business interests.

The trade mission, which ends November 15, follows a visit in August by representatives of Fundacion Chile, a non-profit organization set up by the Chilean government to develop world-wide linkages with private and public sector companies and organizations. During the August visit, Fundacion Chile representatives visited local companies and identified potential opportunities for joint ventures, particularly in the aquaculture, forestry and agri-foods sectors.

Mr. Furey said that one of the goals of the mission is to expand on the number of Newfoundland companies presently doing business in Chile. With Chile about to enter into a bilateral free trade agreement with Canada, Newfoundland companies have already recognized the value of pursuing opportunities in Chile. "While there are 10 companies participating in this mission, there are a number of other companies who have already established business connections in Chile. Nautical Data are training individuals from the Chilean Navy, Sea Forest Plantation are working with Fundacion Chile on the commercial viability of a fish- farmed species, and the Canadian Centre for International Fisheries Development will be in the southern part of Chile at the same time our mission is taking place."

At the conclusion of the Chile mission, Mr. Furey will travel to Uraguay to meet with officials from Tsakos, the Greek shipping company that has expressed an interest in purchasing the St. John's Dockyard. From there, he will travel to Mexico City where he will join a local company for a contract-signing ceremony with a Mexican company.

Mr. Furey said that a great deal of effort has been spent on maintaining costs associated with the mission, including the arrangement of group rates and advance airfare prices for the delegation. Harry Bishop, Director of Business Investment, and John Doody, Director of Communications, will be participating in the mission. Mr. Furey's expenses are estimated to be approximately $6,000. Total cost for the mission is estimated to be approximately $20,000. A copy of the itinerary follows.

Contact: John Doody, Director of Communications, (709) 729-0050.

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ITINERARY FOR MINISTER FUREY TO CHILE
November 10 - November 15, 1996

SUNDAY, NOVEMBER 10  
7:15 a.m. Arrive Santiago
1:00 p.m. Lunch
6:00 - 8:00 p.m. Informal reception at Regal Pacific Hotel.
Embassy to provide a short briefing on "Doing
Business in Chile"
MONDAY, NOVEMBER 11  
9:00 a.m. Minister meet with Mr. Ivan Lavados. President of
Fundacion Chile.
10:00 a.m.
- 1:00 p.m.
Joint presentation by Government of Newfoundland and
Labrador and Fundacion Chile
10:00 a.m. Welcome by Fundacion Chile , Mr. Jorge Rodriguez
Video by Fundaction Chile
10:30 a.m. Presentation by Government of Newfoundland and
Labrador
Introduction to the Province video
Incentive Presentation
Q&A
12:00 p.m. Fundacion Chile Report
Q&A
12:30 p.m. Newfoundland and Labrador Participants
3-4 minute presentation/company
1:00 p.m. Lunch at Fundacion Chile
3:00 p.m. MNC signing with Fundacion Chile
MNC signing with Bakovic y Baltic
3:30 p.m. Tour of El Mercurio
7:00 p.m.
- 9:00 p.m.
Reception at Embassy Residence
TUESDAY, NOVEMBER 12  
8:30 a.m. Minister of Economy
Mr. Alvaro Garcia
10:30 a.m. Minister and VP of Corfu
Mr. Felipe Sandoval
11:30 a.m. Director of Pro Chile
Mr. Jean Jaque Duhart
1:00 p.m. Lunch with SOFOFA
Association of Chilean Industries
2:30 p.m.
- 5:00 p.m.
Meeting with MADECO (potential investor)
Tour of MADECO's Copper Tubing Facility and Cable
Manufacturing
WEDNESDAY, NOVEMBER 13  
7:30 a.m. Depart to Las Cruces
9:00 a.m. Tour of Fundacion Chile's Aquaculture farm in Las
Cruces
12:30 p.m. Lunch with Admiral Martinas Bush, Chilean Navy
2:30 p.m. Meeting with Chilean Navy
4:30 p.m. Return to Santiago
THURSDAY, NOVEMBER 14  
9:00 a.m.
- 1:00 p.m.
One on one meetings with investors
1:00 p.m. Lunch
2:30 p.m.
- 5:30 p.m.
Meeting with investors
7:00 p.m. Supper
FRIDAY, NOVEMBER 15 Travel to Montevideo  
SATURDAY, NOVEMBER 16 Tour of Tsakos Industrias Navales  
SUNDAY, NOVEMBER 17 Tour of Montevideo
Visit the farm or Punte del Este
MONDAY, NOVEMBER 18  
a.m. Meetings with Captain P. N. Tsakos
p.m. Meeting with the Minister of Industry at the Embassy
Travel to Buenos Aires
TUESDAY, NOVEMBER 19  
a.m. Tour of Buenos Aires
p.m. Meeting at the Canadian Embassy
WEDNESDAY, NOVEMBER 20 Travel to Mexico City
THURSDAY, NOVEMBER 21  
10:00 a.m. Signing of a Joint Venture Agreement between FGA
Consulting Engineers and CIMEX
p.m. Meeting Between FGA Consulting Engineers and Bufete
Industrial
Meeting at the Canadian Embassy
Evening Dinner with FGA Consulting Engineers
FRIDAY, NOVEMBER 22 Travel to St.John's  
1996 11 04 4:20 p.m.

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