Doing Business in Chile
EENI - Business School.
Subject (Course): International Trade and Business in Chile Santiago. Syllabus:
- Introduction to the Republic of Chile (South America).
- Chilean Economy.
- Economic Profile of the regions of Chile.
- Chilean International Trade
- Doing Business in Santiago.
- Foreign Direct Investment (FDI) in Chile.
- Case Study: Cencosud.
- Introduction to Spanish
- Access to the Chilean Market
- Business Plan for Chile
Aims of the subject “Doing Business in the Republic of Chile”:
- To analyse the Chilean economy and foreign trade
- To evaluate business opportunities in Chile
- To explore Chile's trade relations with the student's country
- To know Chile's Free Trade Agreements (FTAs)
- To examine the profile of Chilean Companies
- To develop a business plan for the Chilean Market
Sample of the subject: Doing Business in Chile
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).
- The Republic of Chile has a population of 17 millions of people.
- Chilean official language is Spanish
- The capital of Chile: Santiago de Chile
- Surface of Chile: 756,102 square kilometres
- Chilean currency: Peso
- Chile has borders with Peru (160 kilometres, Concordia Line), Argentina and Bolivia.
- Chile gained the independence from Spain in 1810
- Religion in Chile: Catholicism (Christianity) (15 million)
and Protestants (Chile has 2 millions of Methodists)
- Chile belongs to the Western Christian Civilisation - Latin American Economic Area
- Abolition of slavery in Chile: (1823)
- If anything characterizes the economy of Chile is the continuous path of economic growth, placing it among the
thirty most dynamic economies.
- Chile is one of the lowest-risk countries in the World.
- The Republic of Chile ranks first in Latin America among the most competitive economies in information technology (IT) and communications (World Economic Forum).
- Chile ranks fifteenth among the most interesting countries for doing
business and foreign direct investment (FDI) in the next five years
- In the Global Competitiveness Index, the Republic of Chile took
the 28th position out of 134 economies.
- Corruption perceptions index of the Republic of Chile obtained a score of 6.9 (Transparency International).
- Chilean GDP: 257,968 million dollars:
- The primary sector: 3.6%
- The secondary sector: 36%
- Tertiary sector: 60.4%
- GDP growth: 1.9%. Forecast: 2.5% (public expenditure and external sector)
- Unemployment: 6.4%
- Chilean inflation: 4.6%
- The main Chilean economic sectors: mining, manufacturing, fisheries, and construction
- Chile holds third place among the ten most successful Latin American and Caribbean countries in attracting
foreign direct investment (UNCTAD)
- 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).
- 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.
- 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
- 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
- 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.
- 40% of Chile's foreign trade is with Asia.
- Major trading partners: China, Argentina, Brazil, the USA, Japan, and South Korea
- Top export products of Chile: copper, molybdenum, ferromolybdenum;
pulp, salmon, and wine (these products represent 64% of the total Chilean
- Fall in the international price of copper (6.9%)
- Increase of agro-food exports
- In the last fifteen years, the Chilean services industry has generated more than 50% of the gross domestic product of the Republic of Chile.
- Chilean exports of services have increased at a
rate of 6%.
- Chile is a member of APEC, TPP, Pacific Alliance
Foreign Direct Investment (FDI) in Chile.
- The Republic of Chile has received 22,002 million dollars in foreign direct investment, just behind Brazil and Mexico
- Almost 50% of FDI received in Chile is invested in the mining sector.
- Top destinations of the Chilean foreign direct investment:
Argentina, Brazil, Peru, Colombia, and the United States
- New legal framework for foreign direct investment (FDI).
Chile-Organisations and Free Trade Agreements
- Asia-Pacific Economic Cooperation (APEC)
- Latin American Integration Association (ALADI)
- Pacific Alliance
- Andean Community-Chile
- Trans-Pacific Agreement (TPP)
- Free Trade Agreements (FTA) with the United States, Canada, China, India, Korea, the European Union, the European Free Trade Association, Japan, and Turkey
- Chile has signed the OECD anti-corruption measures
The United States-Chile