 Chile has a vast network of free trade agreements with other countries which have placed it in a privileged position as a leading world trader and a strategic business base in the region with its ease of access to third markets.
Among these are Free Trade Agreements (FTA) with Mexico, Canada, European Union, South Korea, United States, European Free Trade Association (EFTA); Bilateral Trade Agreements with MERCOSUR (formed by Argentina, Brazil, Paraguay, Uruguay and Venezuela), Bolivia, Colombia, Ecuador, Peru and Venezuela; FTA’s between Chile and Central America (Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua); China, India and Panama, as well as the P4 Agreement (between New Zealand, Chile, Singapore and Brunei) have been signed. Negotiations are underway with Japan and Thailand.
Once all FTA’s which are currently signed enter into force, Chile will have privileged and in many cases zero tariff market access to a market of almost 6.2 billion consumers around the world.
Santiago was reported as the best city from which to do business in Latin America, published in the AméricaEconomía business magazine, May 2005.
Over 3,000 overseas companies from 60 countries have investments in Chile.
Since the implementation of the U.S.-Chile FTA in January 2004, bilateral trade has increased 85%.
Chile became the first country in the world to implement an electronic free-flow toll system allowing vehicles to use urban highways operated by more than one concession company.
In 2005, 96% of Chile’s tax returns were filed directly to the Internal Revenue Service via the Internet.
Preserving the environment has become a priority for economic development. |
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