Transcript Diapositiva 1

Vision of the Pacific Alliance – New challenges to
regional integration
Excellent
opportunity:
Chile today
About Chile
THE NUMBERS OF CHILE
La zona norte tiene un clima
desértico con grandes oscilaciones
térmicas y se caracteriza por su
riqueza minera.
En el centro se encuentra
Santiago, la capital, los mayores
centros industriales y áreas
cultivables del país.
En la zona sur, las lluvias y el frío
permiten la existencia de importantes
recursos pesqueros y forestales.
ECONOMY AND FOREIGN TRADE
1970-1980
20%
14%
WORLD EXPORTS
CHILEAN EXPORTS
90,000
32,6%
(MFN 220%)
ANNUAL GROWTH
1980-1990
1990-2000
5,5%
6,4%
5,9%
8,7%
2000-2010
9%
14%
FTA
KOREA FTA
CHINA
FTA
USA
EXPORTS*
EXPORTACIONES*
EXPORTS
EXPORTACIONES
80,000
35%
EXPORTS
30%
FTA
JAPAN
NON COPPER EXPORTS
EXPORTACIONES
NO COBRE
70,000
UNILATERAL TARIFF
REBATE
60,000
25%
EXPORTS*
(copper at constant prices)
FTA
EU
FTA
MERCOSUR
20%
50,000
15,5%
(MFN 35%)
40,000
NON COPPER EXPORTS
15%
12,3%
(MFN 20%)
9,2%
(MFN 11%)
30,000
10%
20,000
10,000
5%
2,9%
(MFN 6%)
0,98%
EFFECTIVE IMPORT
(MFN 6%)
TARIFF **
0%
2008
2006
2004
2002
2000
1998
1996
1994
1992
1990
1988
1986
1984
1982
1980
1978
1976
1974
1972
1970
0
2010
9,5%
(MFN 15%)
6,2%
(MFN 10%)
(*) Exports from 2003 to 2010 were calculated with the average copper price from 1987 – 2003 = 0,965 US$/Lb
(**) Import Tariff (Weighted Average).
Source: DIRECON, Central Bank, National Customs Service, UNCTAD & Santiago Chamber of Commerce.
ECONOMY AND FOREIGN TRADE
Since 1985 the GDP growth rate has surpassed the average growth rate in the region. However, there
has been a decrease in the speed of growth during the last period.
Objective: to gain
the speed of growth in order to reach 6%.
Exports per capita 2011 (USD)
GDP per capita (Index 1980=100)
240
240
220
220
200
Chile
200
180
180
160
160
140
Latin
America
140
120
120
100
100
80
80
1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010
5,000
4,659
4,500
4,000
3,500
3,000
2,500
2,372
2,000
1,299
1,500
1,000
500
0
Argentina
Chile´s GDP grew by 6% in 2011
Source: ECLAC, Central Bank of Chile. MERCOSUR ON LINE.
Brazil
Chile
ECONOMY
AND FOREIGN
Chile,
un país
abiertoTRADE
al mundo
A country with an open
economy: 22 Free Trade
Agreements with 59
countries.
86% of the
world´s GDP
63% of world´s
population
Agreements in force
93% of Chile´s
export markets
Agreements negotiated
Agreements under negotiation
Malaysia
Turkey
Ecuador
Colombia
Australia
Peru
Cuba
Panama
Japan
India
P-4
China
EFTA
South Korea
USA
European Union
Central America
Mexico
Canada
Mercosur
Venezuela
Bolivia
ECONOMY AND FOREIGN TRADE
Exports & Imports
2009-2011 (USD million)
Exports - Imports
2009-2011
(USD million)
80,493
69,970
68,891
52,944
52,931
38,877
EXPORT
Sustained growth of Chilean
trade with the world
2010
2011
IMPORT
In 2011, Chilean exports rose 17%
compared to 2010.
In 2011,Chilean imports grew 32%
compared to 2010.
Source: Central Bank of Chile.
2009
ECONOMY AND FOREIGN TRADE
Main Destinations Total Exports (USD million FOB)
MARKETS
2008
Asia
Europe
North America
South America, Central America & Caribbean
Africa, Oceania & other
Other
Total
24.544
17.381
11.699
11.055
2.157
35
66.870
2009
2010
24.316
10.657
8.907
7.691
1.323
50
52.944
2011
33.529
13.468
10.259
9.747
1.834
54
68.891
38.332
16.377
12.217
11.253
2.250
64
80.493
45,000
40,000
35,000
30,000
25,000
2008
20,000
2009
15,000
2010
2011
10,000
5,000
0
AsiaAsia
Europa
Europe
Source: Central Bank of Chile.
América
del Norte
North
America
South America,
América
del Sur,
Africa,
Africa,Oceanía
Oceaniay&
Central America
Centroamérica
y &
otros
other
Caribbean
Caribe
Otros
Other
ECONOMY AND FOREIGN TRADE
Main destinations Non – Traditional Exports (USD million FOB)
MARKETS
2008
2009
2010
2011
South America, Central America &Caribbean
7.364,7
5.586,8
6.355,4
7.747,1
North America
Europe
5.671,1
4.443,1
5.136,7
3.589,0
5.234,1
3.935,1
5.858,2
4.480,4
Asia
2.754,8
2.762,1
3.262,2
4.409,2
350,5
20.584,2
290,3
17.365,0
293,5
19.080,3
475,3
22.970,2
Africa, Oceania & other
Total
9,000.0
8,000.0
7,000.0
6,000.0
5,000.0
2008
4,000.0
2009
3,000.0
2010
2,000.0
2011
1,000.0
0.0
South America,
América
del Sur,
Central America &
Centroamérica
y
Caribbean
Caribe
América
del Norte
North
Europa
Europe
America
Source: ProChile based on Chilean Customs’ figures
Asia
Asia
Africa, Oceanía
Oceania &y
África,
other
otros
FOREIGN TRADE - SECTORS
FOB 2009
(USD million)
FOB 2010
(USD million)
FOB 2011
(USD million)
10.110
10.750
12.495
4.141
4.922
5.833
Manufacturing
24.648
34.682
40.233
Minerals
10.973
15.466
18.228
2.229
2.175
2.590
842
896
1.114
52.944
68.891
80.493
Sectors
Food
Forestry
Other
Services*
Total
Food
Agriculture
Seafood Products
Wines
Total
FOB 2009
(USD million)
FOB 2010
(USD million)
FOB 2011
(USD million)
5.625
3.098
1.388
10.110
6.254
2.939
1.558
10.750
6.689
4.101
1.704
12.495
•Services considers only code 0025.0000 “Services considered for export.“
Source: ProChile based on Central Bank of Chile´s figures
Chile, land of opportunities
LAND OF OPPORTUNITIES
According to the latest international rankings and reports from
organizations like the OECD, World Bank and The Economist
Intelligence Unit, Chile has been recognized as:
•A very stable and secure country in South America
•A good partner to do business
•A country open to the world that promotes free trade
Ernst & Young placed Chile among the countries with the fastest
growing economy, along with China, India, Russia and Brazil.
According to the recent 2012 version of the "Doing Business"
ranking, Chile advanced from place 62 to 27 in the index of
business start ups.
LAND OF OPPORTUNITIES
Chile
Peru
Mexico
Colombia
The Pacific Alliance – The top
countries for business in Latin
America
Best Countries for Business 2011
Source: Forbes.
Santiago, third best city to do
business in Latin America
1
2
3
Miami (USA)
Sao Paulo (Brazil)
Santiago (Chile)
Urban Competitiveness Index
Source: Revista América Economía, 2011.
LAND OF OPPORTUNITIES
2012 Index of Economic Freedom
95
Chile is one of the 10
countries with a high
percentage of
economic freedom.
89,9
90
87,5
85
83,1
82,1
81,1
79,9
80
78,3
65
Economies
(7th
among 184 economies )
Source: The Heritage Foundation (http://www.heritage.org/index/)
76,3
USA
76,9
Ireland
Mauritius
Chile
Canada
Switzerland
Australia
Singapore
70
Hong Kong
75
New Zealand
77,0
LAND OF OPPORTUNITIES
New Zealand
1
Finland
3
Sweden
4
Singapore
5
Australia
8
Canada
10
Chile
22
United States
24
Uruguay
25
Costa Rica
50
Brazil
73
Peru
80
2011
ColombiaCorruption Perceptions Index 80
(22nd among 183 economies
Mexico
100 )
Argentina
100
Source: Transparency International, 2011 (www.transparency.org)
Among the least corrupt
countries in the world with
high levels of transparency.
INFLATION IN LATIN AMERICA
(AVERAGE CONSUMER PRICES 2006-2011, PERCENT CHANGE)
Peru
2.8
El Salvador
3.7
Chile
3.8
Mexico
4.3
Colombia
4.4
Ecuador
4.5
Panama
4.5
Brazil
5.0
Guatemala
6.1
Bolivia
7.1
Uruguay
7.3
Paraguay
7.3
Haiti
8.7
Costa Rica
8.8
Argentina
9.4
Venezuela
24.0
Source: IMF
DOING BUSINESS RANKING 2012
EASE OF DOING BUSINESS
Chile
39
Peru
41
Colombia
42
Mexico
53
Panama
61
Grenada
73
Jamaica
88
Uruguay
90
Paraguay
102
El Salvador
112
Argentina
113
Costa Rica
121
Brazil
126
Honduras
128
Ecuador
130
Bolivia
153
Venezuela
177
Source: World Bank.
INVESTMENT RATE IN LATIN AMERICA
(AS % OF GDP, 2011)
Panama
31.2
Chile
27.9
Ecuador
27.6
Peru
26.7
Mexico
25.6
Argentina
25.3
Honduras
24.1
Colombia
22.9
Uruguay
20.5
Costa Rica
20.3
Venezuela
20.2
Brazil
19.8
Paraguay
18.7
Bolivia
16.2
Guatemala
15.7
El Salvador
13.5
Source: IMF
LAND OF OPPORTUNITIES
Chile maintains "A +" by Standard & Poor's 2012
Chile's ratings are supported by the low level of fiscal
debt, political stability and a very flexible and strong
economy.
Projections:
A low level of fiscal debt, along with growing local
financial markets should support the stability and
growth of GDP in Chile, despite the growing external
uncertainty and potentially slow global growth in
coming years.
Source: www.standardandpoors.com
Investments
A PLACE TO INVEST IN
During the past 25
years Foreign
Direct Investment
(FDI) has played a
key role in Chile´s
economic growth
and development.
Maintaining its upward
trend, FDI has helped to
increase Chile’s
competitiveness, not only
through resources and new
markets but also through
technological development
and specialized know-how.
A PLACE TO INVEST IN
Successful track record of foreign investment
12.0
8.7
7.6
7.5
6.5
5.8
6.1
7.7
7.4
7.1
2010
2011
5.9
5.8
5.0
3.8
1998
1999
2000
2001
2002
2003
2004
2005
Foreign Direct Investment (FDI) in Chile
(6,9% average as % of GDP)
2006
2007
2008
2009
Source: Central Bank of Chile
(www.bcentral.cl)
A PLACE TO INVEST IN
Foreign Direct Investment in Chile: By sector.
Other
13%
Food Industry
3%
Insurance
4%
Mining
34%
Chemical Industry
4%
Retail
6%
Communications
9%
Electricity, gas & water
18%
Financial Services
9%
Source: Foreign Investment Committee
Materialized Foreign
Investment D.L. 600
By Sector 1974-2011
USD 82.021 million
DUTY FREE ZONES
Chile has Duty Free Zones in the cities of
Iquique and Punta Arenas.
These are comprised of:
 Industrial parks
 Logistics center
 Shopping centers
The DFZs emerge as international
business and industry centers in
strategic geographic areas.
Fuente: DIRECON
DUTY FREE ZONES
The special tax regime for companies
operating in DFZs involves:
ADVANTAGES OF OPERATING IN
DUTY FREE ZONES IN CHILE
EXTRATERRITORIAL CUSTOMS
SYSTEM of Duty Free Zones of Chile
allows goods that have entered the
DFZs to be regarded as if they were
abroad.
Exemption from payment of duties,
taxes and other charges for goods
entered to Duty Free Zones and
marketed within it
Exemption from VAT (19%), import
tariffs (maximum 6%) and specific
taxes.
Exemption from Value Added Tax (VAT)
for operations of DFZ users.
Exemption for First Category Tax .
CHILEAN INVESTMENT ABROAD
Total Chilean
investment abroad:
US$ 62.716 million
Other
13%
From 1990 to 2011.
Uruguay
3%
United States
7%
Argentina
26%
Colombia
14%
Peru
18%
Brazil
19%
By sectors
Manufacturing
26%
Electricity,
gas & water
27%
Source: DIRECON
Mining
5%
Services
39%
Agriculture
3%
OUR EXPORT LINE UP
FOOD AND FORESTRY DEVELOPMENT
Consisting of a universe of more than 200
food & beverages exporting countries, Chile
ranks 16th .
Exports of food and forest industry exceeded
USD 18.300 million in 2011, a figure expected
to increase to USD 20.000 million by 2015.
Chile is one of the few countries in which the
food industry has a high share of the GDP,
more than 10%, after New Zealand and
Belgium.
The natural geographical insulation is a major
phytosanitary barrier .
FACTS & ACHIEVEMENTS OF THE FOOD INDUSTRY
N° 1 world exporter of:
Blueberries
Grapes
Plums
Dehydrated apples
Trout
Second world exporter of:
Pacific salmon
Avocado
Cherries
Frozen raspberries
Prunes
Atlantic salmon
Source: ProChile, information from International Trade Centre..
ATTRIBUTES OF SERVICES SECTOR DEVELOPMENT
Services exports in 2010 totaled around USD
10.800 million, an increase of 25% over 2009,
reaching 13% of our exports and 5% of the GDP.
Transport
USD 6.466 million
Trips
USD 1.636 million
Other
(global services included)
US$ 2.696 million
Chile is the country with the highest
penetration in telecommunications in Latin
America, with 17% in Broadband and 116% in
Mobile Phones. In 2010, Chile reached the
highest connectivity index in Latin America
(Source: DHL Global Connectedness Index)
Source: ProChile based on Central Bank of Chile´s figures
GLOBAL PLAYER IN COPPER
With its copper production Chile has
become the heart of mining industry
development in South America.
From 15 world leading engineering
offices in mining, 11 of them have
branch offices in Chile.
The development of Chilean suppliers
of goods and services for the mining
industry has generated an export line
up of excellent quality and
competitiveness, generating WORLD CLASS professionals.
TOURIST ATTRACTIONS
Tourism accounts for
9.2% of world GDP.
In Chile it is only
3.2% of its GDP.
GOAL
To reach 6% of the
GDP and 4 million
tourists by 2014.
FOR FURTHER INFORMATION
General Information
www.thisischile.cl
Trade Information
www.prochile.gob.cl/importadores
Investments
Tourism
www.foreigninvestment.cl
www.chile.travel