Business in Chile

EENI- School of International Business

Subject Subject (Course): International Trade and Doing Business in Chile Santiago. Syllabus:

  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. Introduction to Spanish
  9. Access to the Chilean Market
  10. Business Plan for Chile

Aims of the subject “Foreign Trade and Doing Business in the Republic of Chile”:

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


Subject “Doing Business in Chile” is studied...
  1. Course: South America
  2. Masters: International Business, America, Pacific, and Emerging Markets
  3. Doctorate in Business in America (Distance learning)

Course learning materials in English or Spanish Chile Portuguese Chile French Chili

  1. Credits of the subject “Foreign Trade and Doing Business in Chile”: 2 ECTS Credits / 1 AC Credits
  2. Duration: two weeks

Sample of the subject: Doing Business in Chile
Valparaiso Chile Business

Description Subject Description (Doing Business in Chile):

The Republic of Chile.

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 millions of people.
  2. Chilean official language is Spanish
  3. The capital of Chile: Santiago de Chile
  4. Surface 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. Religion in Chile: Catholicism (Christianity) (15 million) and Protestants (Chile has 2 millions of Methodists)
  9. Chile belongs to the Western Christian Civilisation - Latin American Economic Area
  10. Abolition of slavery in Chile: (1823)

Chilean Economy.

  1. If anything characterizes 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. Corruption perceptions index of the Republic of Chile obtained a score of 6.9 (Transparency International).
  7. Chilean GDP: 257,968 million dollars:
    1. The primary sector: 3.6%
    2. The 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: mining, manufacturing, fisheries, and construction
  12. Chile holds third place among the ten most successful Latin American and Caribbean countries in attracting foreign direct investment (UNCTAD)
  13. Modern Chilean telecommunications systems, the competitive banking sector, the good public infrastructure, the high-quality services, and the accessibility of skilled workers 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 macroeconomic management, economic openness, and international integration, steady institutions and equitable society in which all 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, the stabilisation of foreign accounts of Chile 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 Chile's foreign trade is with Asia.
  2. Largest trading partners: China, Argentina, Brazil, the USA, Japan, and South Korea
  3. Top export products of Chile: copper, molybdenum, ferromolybdenum; pulp, salmon, and wine (these products represent 64% of the total Chilean exports).
  4. Fall in the 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 exports of services have increased at a rate of 6%.
  8. Chile is a member of 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 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-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, Canada, China, India, Korea, the European Union, the European Free Trade Association, Japan, and Turkey
  8. Chile has signed the OECD anti-corruption measures

Samples - Business in Chile


China-Chile Free Trade Agreement

India-Chile Free Trade Agreement

South Korea-Chile Free Trade Agreement

Asia-Pacific Economic Cooperation APEC

Canada-Chile Free Trade Agreement

United States-Chile Free Trade Agreement

Chile-Australia Free Trade Agreement

Mexico-Chile Free Trade Agreement

Chile-Peru Free Trade Agreement

European Union-Chile Free Trade Agreement

Trans-Pacific Strategic Economic Partnership Agreement (TPP)

Andean Community-Chile Free Trade Agreement

Chile-EFTA Free Trade Agreement

Chile-Turkey Free Trade Agreement

Chile-MERCOSUR Free Trade Agreement

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