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Why should you do business in Chile?

 

Why should you do business in Chile?

Posted by Melenco Team in Business Development, Business Strategies 17 Apr 2015

Internationally, the Chilean economy is recognised as being one of the most stable, open and competitive in Latin America. Under the social economic model of prevailing markets that has been in place since the military regime. Chile has implemented a series of structural modifications such as the privatisation of state companies and the creation of a private pension funds system, with multiple funds and individual accounts.

Chile has built its recent economic success on the exportation of raw materials, most notably copper. Indeed, mining is Chile’s biggest economic sector. However, forestry and agriculture are also key industries.

With the opening of European and Asian markets, the export of forestry products, vegetables, fruit, fishmeal and fish-(most notably salmon) have increased significantly. Chile has also become a leading wine-producing country.

Other areas of opportunity and expansion include tourism. Chile, especially its adventure tourism sub-sector, has benefited from the recent boom in global tourism. This services sector, too, has enormous potential for future development.

Why should you do business in Chile?

Chile has a policy of free trade with no barriers. The country is a member of LAIA (Latin American Integration Association) and an associate member of MERCOSUR. At present, Chile is probably the freest market in Latin America.

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