Business in Chile (Course, Master)

EENI Business School & HA University

Syllabus of the Online Subject: Foreign Trade and Business in Chile Santiago.

  1. Introduction to the Republic of Chile (South America)
  2. Chilean Economy
  3. Economic Profile of the regions of Chile
  4. Chilean International Trade
  5. Doing Business in Santiago
  6. Foreign Direct Investment (FDI) in Chile
  7. Case Study: Cencosud
  8. Access to the Chilean Market
  9. Business Plan for Chile

The aims of the Online Subject “Foreign Trade and Business in the Republic of Chile” are the following:

  1. To analyse the Chilean economy and foreign trade
  2. To know the business opportunities in Chile
  3. To explore Chilean trade relations with the student's country
  4. To know Chilean Free Trade Agreements (FTA)
  5. To examine the profile of Chilean Companies
  6. To develop a business plan for the Chilean Market

The eLearning Subject “Doing Business in Chile” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Diploma: Business in South America
  2. Masters: International Business, Foreign Trade, America
  3. Doctorates: Business in America, Global Trade

The course materials are available in Master in International Business in English or Study Master Doctorate Business in Spanish Chile Masters Foreign Trade in Portuguese Chile Study, Master in International Business in French Chili

  1. Credits of the Online Subject “Foreign Trade and Business in Chile”: 2 ECTS Credits
  2. Duration: two weeks

Erik Bruzzone, Chile (Professor, EENI & HA University) Erik Bruzzone, EENI Business School & HA University Chilean Professor

Example of the Online Subject: Doing Business in Chile
Valparaiso Chile Business

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Paterson Ngatchou: EENI Academic Coordinator for Anglophone Countries
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Description of the Online Subject: Doing Business in Chile:

The Republic of Chile is the regional leader in Latin America, mainly due to its democratic stability that ensures an excellent environment for business and foreign direct investment (FDI).

  1. The Republic of Chile has a population of 17 million people
  2. Chilean official language is Spanish
  3. Capital of Chile: Santiago de Chile
  4. Area of Chile: 756,102 square kilometres
  5. Chilean currency: Peso
  6. Chile has borders with Peru (160 kilometres, Concordia Line), Argentina and Bolivia
  7. Chile gained the independence from Spain in 1810
  8. Abolition of Slavery in Chile: (1823)

Religion in Chile: Christianity

  1. Catholicism (15 million)
  2. Protestants (Chile has 2 million Methodists)

Chile belongs to Western-Christian Civilisation - Latin American Economic Area

Chilean Economy.

  1. If anything characterises the economy of Chile is the continuous path of economic growth, placing it among the thirty most dynamic economies
  2. Chile is one of the lowest-risk countries in the World
  3. The Republic of Chile ranks first in Latin America among the most competitive economies in information technology (IT) and communications (World Economic Forum)
  4. Chile ranks fifteenth among the most interesting countries for doing business and foreign direct investment (FDI) in the next five years
  5. In the Global Competitiveness Index, the Republic of Chile took the 28th position out of 134 economies
  6. The Corruption perceptions index of the Republic of Chile obtained a score of 6.9 (Transparency International)
  7. Chilean GDP: 257,968 million dollars:
    1. Primary sector: 3.6%
    2. Secondary sector: 36%
    3. Tertiary sector: 60.4%
  8. GDP growth: 1.9%. Forecast: 2.5% (public expenditure and external sector)
  9. Unemployment: 6.4%
  10. Chilean inflation: 4.6%
  11. The main Chilean economic sectors are mining, manufacturing, fisheries, and construction
  12. Chile holds the third place among the ten most successful Latin American and the Caribbean Countries in attracting Foreign direct investment (FDI) (UNCTAD)
  13. The modern Chilean telecommunications systems, competitive banking sector, good public infrastructure, high-quality services, and skilled workers accessibility are top factors to attract foreign direct investment (FDI)
  14. Since 1990, the Government of Chile has implemented public policies to promote and consolidate businesslike and responsible macroeconomics management, economic openness, and international integration, steady institutions and equitable society in which all the Chilean can enjoy the benefits of economic development
  15. Economic Growth of the Republic of Chile has been followed by a severe drop in public debt, stabilisation of the Chilean foreign accounts and the increase of Chilean international reserves
  16. These competitive advantages of the Republic of Chile are reinforced by his open economy that has meant greater competitiveness, growing international trade and fast integration into global markets
  17. The Republic of Chile was the 30th most dynamic economy in the World

CENCOSUD is one of the largest distribution companies in Latin America, being present in Argentina, Brazil, Chile, and Peru, where the firm has developed a successful multi-strategy.

Chilean International Trade.

  1. 40% of the Chilean foreign trade is made with Asia
  2. The main trading partners of Chile are China, Argentina, Brazil, the USA, Japan, and South Korea
  3. Top Chilean export products are copper, molybdenum, ferromolybdenum; pulp, salmon, and wine (these products represent 64% of total Chilean exports)
  4. Fall in international price of copper (6.9%)
  5. Increase of agro-food exports
  6. In the last fifteen years, the Chilean services industry has generated more than 50% of the gross domestic product of the Republic of Chile
  7. Chilean service exports have increased at a rate of 6%.
  8. Chile is a member of the APEC, TPP, Pacific Alliance

Foreign Direct Investment (FDI) in Chile.

  1. The Republic of Chile has received 22,002 million dollars in foreign direct investment, just behind Brazil and Mexico
  2. Almost 50% of the FDI received in Chile is invested in the mining sector
  3. Top destinations of the Chilean foreign direct investment: Argentina, Brazil, Peru, Colombia, and the United States
  4. New legal framework for foreign direct investment (FDI)

Chile Regions

Chile: Economic Organisations and Free Trade Agreements

  1. Asia-Pacific Economic Cooperation (APEC)
  2. Latin American Integration Association (ALADI)
  3. Chile-MERCOSUR
  4. Pacific Alliance
  5. Andean Community-Chile
  6. Trans-Pacific Agreement (TPP)
  7. Free Trade Agreements (FTA) with the United States, Panama, Canada, China, India, Korea, European Union, European Free Trade Association, Japan, Central America, and Turkey
  8. Chile has signed the OECD anti-corruption measures

Samples - Business in Chile


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