Alfredo Moreno, ’82

Minister of Foreign Affairs
Repulic of Chile

Alfredo Moreno

When Alfredo Moreno took over as minister of foreign affairs for the Republic of Chile in 2010, he knew there was a big opportunity to increase trade with China, whose economy was hurtling along with double-digit growth. Chinese investment in Chile at the time was small—less than $100 million, while Chile’s investment in China was seven times larger.

The two nations had signed a free-trade agreement five years earlier, but the pact didn’t cover services such as engineering and architecture. A supplementary investment agreement with China in 2012, which Moreno spearheaded, gave the Chinese the same legal protections as native Chileans, and paved the way for a $1 billion wave of investment.