Mar 10 • 19:38 UTC 🇪🇸 Spain El Mundo

Felipe VI meets with Kast and Boric in a Chile that looks to Spain with expectation: "Our investors are starting to choose it over the United States"

King Felipe VI of Spain engaged in significant talks in Chile, highlighting Spain's increasing attractiveness to investors amidst a political shift from left to right.

On a recent visit to Chile, King Felipe VI played a pivotal role in the political transition as the country shifts from a left-leaning government to one led by the right. His meetings included discussions with the newly elected president, José Antonio Kast, and outgoing president, Gabriel Boric, indicating Spain's growing interest in strengthening ties with Latin America. During these talks, King Felipe underscored the perception among investors that Spain is becoming a more favorable destination compared to the United States.

The meeting, held at the historic Palace of Cousiño in the heart of Santiago, featured a warm reception for King Felipe, who arrived earlier than scheduled. Accompanying him were notable figures such as the Spanish ambassador to Chile and the Secretary of State for Ibero-America. This strategic engagement reflects Spain's attempt to fortify its economic and diplomatic relations with Chile in light of recent political changes, showcasing the importance of personal diplomacy in fostering international relationships.

As Chile navigates its transition with a new right-wing government, the implications for Spain are significant. The emphasis on attracting investment from Spain suggests economic opportunities ahead, while also indicating a potential shift in the region's political landscape. The king's visit illustrates the importance placed on bilateral trade and investment ties and signals a renewed commitment to Spanish-Chilean relations amid evolving regional dynamics.

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