Doing Business in Chile

EENI Business School & HA University


EENI Home

Syllabus of the Subject: Doing 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 subject “Foreign Trade and Doing Business in the Republic of Chile” are the following:

  1. To analyse the Chilean economy and foreign trade
  2. To evaluate the business opportunities in Chile
  3. To explore Chile's trade relations with the country of the student
  4. To know Chile's Free Trade Agreements (FTAs)
  5. To examine the profile of the Chilean Companies
  6. To develop a business plan for the Chilean Market
The Subject (e-learning) “Doing Business in Chile” is part of the following Higher Education Programs taught by EENI (Business School) and the Hispano-African University of International Business:
  1. Course: South America
  2. Masters: International Business, America, Pacific, Emerging Markets
  3. Doctorate in Business in America (Distance learning)

Course learning materials in Higher Education in English or Tertiary Education in Spanish Chile Study in Portuguese Chile Post-secondary Education in French Chili

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

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

Description of the Subject (Online Learning): 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 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 the 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. 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 the accessibility of skilled workers are top factors to attract the 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 the public debt, the stabilisation of the Chilean foreign accounts and the increase of the 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. 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 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 the APEC, TPP, Pacific Alliance

Foreign Direct Investment (FDI) in Chile.

  1. The Republic of Chile has received 22,002 million dollars in the 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

Chile CENCOSUD

China-Chile Free Trade Agreement (FTA)

India-Chile Free Trade Agreement (FTA)

South Korea-Chile Free Trade Agreement (FTA)

Asia-Pacific Economic Cooperation APEC

Canada-Chile Free Trade Agreement (FTA)

United States-Chile Free Trade Agreement (FTA)

Chile-Australia Free Trade Agreement (FTA)

Mexico-Chile Free Trade Agreement (FTA)

Chile-Peru Free Trade Agreement (FTA)

European Union-Chile Free Trade Agreement (FTA)

Trans-Pacific Strategic Economic Partnership Agreement (TPP)

Chile-EFTA Free Trade Agreement (FTA)

Chile-Turkey Free Trade Agreement (FTA)



(c) EENI- Business School & Hispano-African University of International Business