1. CHILE Your Doorway to the Rest of the World
Business Trade Opportunities
CHILE Your Doorway to the Rest of the World

2. Chile at a Glance Economy Social Chile’s Sovereign Ratings
Estimated GDP 2013
US$ billion (43rd in the world – The World Factbook)
GDP per capita (PPP, 2013)
US$ 19,100 (74th in the world -1st in Latin America – TWF)
Interest Rate (April 2014)
4.% (Chilean Central Bank)
Unemployment rate (2013)
6.5% (Jan-Mar INE)
Inflation rate (2013)
3% (INE)
Exports (2013)
US$ 77,94 billion (TWF)
Imports (2013)
US$ 75,7 billion (TWF)
Social
Population
17.4 million
Official Language
Spanish
Currency
Chilean Peso
Literacy rate
98.6%
Life expectancy
78.4 years
Source
TWF
Chile’s Sovereign Ratings
Fitch Ratings A+
Standard & Poors
AA-
Moody’s
Aa3
Source
TWF

3. Chile at a Glance Expected growth in 2014: 3.6% (IMF)
Stock of foreign direct investment at home: US$215 billion ( TWF)
Outstanding business environment in 2013:
Doing Business 2013 ranking: 37th (out of 185 economies)
Corruption Perception Index: 22nd (out of 177 countries)
Economic Freedom Index: 7th (out of 178 countries)
Leads LATAM in all categories
Source: IFC, Transparency International, Heritage

4. Chile: A Globally Integrated Economy
Turkey
Ecuador
Colombia
Australia
Peru
Cuba
Panama
Japan
India
Thailand
P-4
China
EFTA
Korea
United States
European Union
Central America
Mexico
Canada
MERCOSUR
Venezuela
Bolivia
Twenty-two FTAs in force with 60 countries (90% of world’s GDP)
FTA with Thailand signed, not yet in force
Canada-Chile FTA: in force since July 5th, Chile’s first FTA.

5. Chile: A Globally Integrated Economy
Belgium
Denmark
Spain
France
Ireland
Poland
Portugal UK
Sweden
Switzerland
Norway
Croatia
Canada
Colombia
Ecuador
Mexico
Peru
Argentina
Brazil
Paraguay
South Korea
Thailand
Malaysia
New Zealand
Double Taxation Agreements with 24 countries
Agreements in force
Agreements signed but not yet in force
Agreements under negotiation

6. Canada – Chile: 17 Years of FTA
Like-minded Countries
FTA Update in Force since 09/2013: Financial Chapter Included
2013 CL exports to CA: US$1.42 Billion
2013 CL imports from CA: US$1.54 Billion
2013 Canada NX: US$120 million
CA-CL trade growth: 10% per year
Chile investments: US$500 million (forestry, pharma, mining)
Canada investments: US$15.8 billion (mining, energy, water management)
Source: Chilean Foreign Economic Relations Agency
(DIRECON)

7. Opportunities for Ontario Companies
Mining Equipment:
Projected investments 2012/2018: US$60 Billion
Largest copper and lithium producer in the world
Key Areas and Products
Water supply and treatment
Crushers
Grinders
Utility vehicles
Excavators
Cranes and screening machines
Drilling equipment and services
ITC:
Annual growth: 15%
Key Areas
Mobile services
Cloud computing
Computers, mobile devices and accessories
Public connectivity

8. Opportunities for Ontario Companies
Energy:
High cost of energy: US$150 MW/h (13th in the world, 2nd in South America – WEF)
Main consumer of energy: Mining (41.1TW/h by 2025)
Key Areas
Shale gas and LNG
Transmission and distribution
NCRE: 20% grid by 2025
Conventional generation
NCRE:
Total energy generated in 2013: 1,413 MW (7.43% NCRE vs 92.57% Conventional)
Chile’s objective: 20% of the grid by 2025 (20/25 Act)
Main sources:
Bioenergy: 54%
Mini-hydro: 33%
Wind: 12%
Others (solar, geothermal, etc. ): 1%

9. Why Chile?
Solid: sustained growth and social progress. First to enter OECD in South America
Reliable: great sovereign ratings
Competitive: most competitive country in LATAM
Attractive: Economic Freedom Index -7th
Transparent: strong Rule of Law; Corruption Perception Index - 22nd
Santiago: best city for foreign investment in LATAM (2nd year in a row)
Integrated: FTAs and Double Tax treaties
Wired: Network Readiness Index – 34th (1st in LATAM)
Safe: Global Peace Index – 30th (1st in LATAM)

10. A relatively new trade bloc that has generated great expectation in the region, with 5 member states and 30 observer states, including Canada.
Combined, they represent 50% of regional trade. Exports of US$556 Billions and US$551 billions of imports (2012)
37 commercial agreements signed, 24 FTA(in comparison to 9 of Mercosur). FDI flows combined represents 26% of Latin America and the Caribbean.
A growing number of observing countries is deeply interested in how this new alliance is facing the challenges.

11. What we can do for you
Matchmaking, Market Development & Analysis, Market Monitoring, etc.;
Coordinate initiatives with private and public organizations;
Identify specific trade and investment opportunities in public and private projects; and
Become your regional partner!
Diego Muñoz
In-Market Trade Representative
Ontario Ministry of Economic Development, Trade and Employment