Own country · 4 mentions in this passage
It has only just started. A safer country is a country with more trust. And where there is trust there is more growth in employment and investment. We are also today a more competitive nation. Only a few weeks ago, Chile adopted the most significant economic reform of recent decades. We approved a reduction to business tax. It's now gone from 27 to 23%. This tax had only been on the increase since 1990. It had never decreased. We have also temporarily reduced housing purchase tax, and we have launched an initiative for capital repatriation. There's better tax stability too. We now have less red tape. We are also dismantling what we call this ideology of always having to issue permits. This is, if you like, a sort of hidden bureaucracy, which stops business projects from forging ahead. In the last six months, we've had requests to invest more than $44 billion in our economy. And these investment projects applications are being assessed by our environmental evaluation systems. More than $33,000 billion dollars, rather have been approved for projects that had been in the wings for years. We have unleashed $17 billion for environmental projects. We are taking tangible actions that are changing the very course of Chile and bringing us closer to development. The economy is not yet taking off, and unemployment is still plunging thousands of families into anguish. But unemployment is hard and high. But it will change. Change will come. Results are slow to materialize but structural reforms are underway. We know where we're going and we're not simply reacting without having any clear course in mind. After storms, the sun always comes out. After winter, spring always arrives and after years of deadlock, Chile is back. There are many reasons that can explain how we got to where we are, but there's only one path that we need to follow for Chile to once again take off, spread its wings and fly. That is the path of unity. Unity between all of those that defend freedom and want to see Chile's people thrive. There are many things that might separate the right and the left in Chile, but we are united by our desires to see Chile grow once more and become a safer nation. Delegates. People from the investment world are listening to us. And I say to you, choose Chile to invest. You will find clear rules that do not change day to day. You will find courts that function, contracts that are abided by, and a state ready to facilitate investment.
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