Brazil and Chile signed a Memorandum of Understanding on Cooperation in the field of Telecommunications and the Digital Economy

Brazil and Chile signed a Memorandum of Understanding on Cooperation in the field of Telecommunications and the Digital Economy

In order to consolidate the strategic ties between Brazil and Chile, both countries signed on July 24, 2020 a Memorandum of Understanding aimed at bilateral cooperation in the area of telecommunications and the digital economy.

The document provides an action in strategic areas such as the Internet of Things (IoT), 5G, artificial intelligence, applications, digital connection, telecommunications infrastructure, connectivity and data flow.

This memorandum was signed by the Foreign Ministers of Brazil and Chile, Ernesto Araújo and Teodoro Ribera Neumann, respectively, via videoconference.

Given the current global economic landscape, several countries around the world are interested in implementing similar agreements in order to develop and boost the commercial success of technology ever more, establishing cooperation among countries that have solid and historical trade relations towards an inclusive digital economy.

The technology market in general works to develop increasingly friendly and uniform environments to its main business pillars that are connectivity, artificial intelligence, cloud, computing and applications, which can be quickly leveraged on scale through 5G technology.

It is in such scenario of digital development that we can see the importance of the document signed by Brazil and Chile, showing how both countries are also interested in exploring new technologies and boosting a new economic growth movement.

The signing of this agreement could strengthen and expand the regional market, with the convergence of the Pacific Alliance and Mercosur digital agendas, as well as connect the regional market to other continents, especially aiming at the relationship with the Asia Pacific region, through the future construction of fibre optic submarine cabling.

Moreover, this relationship will be even stronger with the approval of the free trade agreement signed in 2018, already approved by the Chilean Senate and in progress in the Brazilian Congress. The agreement, which aims to improve investment conditions between the two countries, provides, among other issues, the elimination of international roaming tariffs between the two states.

The joint innovation between Brazil and Chile demonstrates the strategic nature of the relationship and the firm willingness between the Brazilian and Chilean governments to continue working and collaborating with each other to promote economic prosperity in Latin America.

This article is merely informative and does not replace the professional consultation that a lawyer can offer. For further information on the topics included in this newsletter and the benefits of the commercial relationship between Brazil and Chile, please contact us.

 

Lotti & Araújo Law Firm

Andersen Global’s collaborating firm in Brazil

 

Chirgwin Peñafiel

Andersen Global’s collaborating firm in Chile

Andersen Global Enters Chile With the Addition of Two Collaborating Firms

Andersen Global Enters Chile With the Addition of Two Collaborating Firms

 

Andersen Global enters the Chilean market through Collaboration Agreements with two Santiago-based firms: law firm Chirgwin Peñafiel and tax firm SPASA Consulting. The firms are in close partnership with each other and add depth and breadth to the organization’s Latin American platform as it continues its steady expansion.

Founded in 2009, Chirgwin Peñafiel, led by Office Managing Partner Andrés Chirgwin, is a full-service law firm specializing in commercial and corporate law, M&A, energy, labor law and banking & finance. The firm works with a variety of corporate clients, being strongly focused on providing legal support to multinational companies with operations in Chile, while also assisting Chilean-based companies with local and international legal needs. Chirgwin Peñafiel has been recognized by IFLR1000, Leaders League and Best Lawyers.

“Our firm is committed to delivering quality, comprehensive solutions to our local and international clients,” Andrés said. “Andersen Global’s capabilities will equip us to provide seamless, best-in-class solutions globally. We look forward to collaborating with like-minded individuals that value independence and transparency when handling client matters.”

For more than 20 years, SPASA Consulting has provided a full range of consulting services with a focus on tax consultancy, accounting services and payroll compliance. The firm’s expertise also includes in-depth knowledge and understanding of IFRS and taxable rules, as well as a strong focus on Australian companies working in Chile.

“We believe that quality work requires stewardship and a trusted relationship with the client as well as specific knowledge of their business and industry,” SPASA Office Managing Partner Rodrigo Guerrero said. “Andersen Global’s integrated approach of providing both tax and legal services, is extraordinarily complementary to our existing client base and the strong working relationship that already exists between Chirgwin Peñafiel and SPASA Consulting, giving us the competitive edge in our market as we continue to work with both local and international clients.”

Andersen Global Chairman and Andersen CEO Mark Vorsatz added, “Chirgwin Peñafiel and SPASA Consulting have developed a close working relationship. These dynamic and innovative firms bring a level of enthusiasm and dedication that made them an excellent fit for our organization. Chile is a significant region to our expansion plans in South America, and the firms’ synergistic strategy, along with their subject matter expertise and knowledge of the market, will strengthen our organization’s global platform.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 6,000 professionals worldwide and a presence in over 186 locations through its member firms and collaborating firms.

Source: Andersen Global Press Room

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