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Chile

The original report was published in the USA Today on Friday, September 16, 2011
A unique service offers a special way to enjoy the wonders of Patagonia – by land, sea and air
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Chile: #1 in Latin America on Forbes’ Best Countries for Doing Business list
Chile exudes confidence. A confidence that the country has deservedly acquired over the past few decades as it has made a peaceful transition from dictatorship to democracy; as it continues to rise to its full potential as a Latin American economic powerhouse; as it bounces back from tragedies and recessions; and as it continues to attract foreign businesses and investments to its shores.
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Last year almost half of the nation’s produced goods were exported. Bilateral trade with the United States reached US$18 billion
Chile’s multiple free trade agreements make it a highly attractive platform for international companies looking to access global markets
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Foreign direct investment reached US$15 billion last year in Chile
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In the 2011 IMD World Competitiveness Report Chile tops the list for Latin America. The country has come a long way in a short period of time; whereas not long ago Chile was practically 100% dependent on its natural resources for revenues, today it exports more and more finished products, innovation and talent
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The dramatic televised rescue of the 33 miners, and Chile’s speedy recovery from a devasting earthquake highlight the dogged spirit of the nation
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Mining is Chile’s most important economic activity, requiring enormous amounts of energy
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Business at Claro Chile is booming, thanks to its ambitious growth plan and a strong focus on quality and customer care
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The telecommunications company, 80% owned by Liberty Global, continues growing as it readies to enter new segments
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BERNARDO MATTE LARRAIN, Chairman of Colbun
Chile’s third-largest energy producer is working to better utilize the country’s water potential, and to decrease its reliance on imported gas and coal
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Chile scored highest within Latin America on the The Economist’s Quality of Life index for 2010
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Several hotels, resorts and adventure companies offer the chance to experience Chile’s considerable natural beauty at first hand
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Famous for its giant stone statues, known as moai, and reputedly one of the most isolated inhabited places on Earth, Rapa Nui – the indigenous name for Easter Island – was also Chile’s first inclusion on UNESCO’s World Heritage List, being admitted in 1995.

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According to UNESCO, the beautiful city of Valparaiso “is an exceptional testimony to the early phase of globalization in the late 19th century, when it became the leading merchant port on the sea routes of the Pacific coast of South America” and therefore its historic quarter fully deserved the organization’s protection in 2003.


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Chile’s diverse topography gives Dakar Rally competitors an range of extreme challenges
Taking the global center stage in areas such as astronomy, viniculture and commercial competitiveness, Chile is also in the spotlight for its international music and sporting events
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Chile is a leading producer and exporter of some of the world’s finest fruit, vegetables, fish, meats and wines
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For SUBSOLE, every step along the way, from growing through distribution, must be carried out with care for the people, the environment and quality
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The SIP network of primary schools reaches out to Chile’s underprivileged children
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The PUC-Chile is one of the most influential institutions in Chile’s recent history
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A new foundation, coordinating the efforts of various government agencies, aims to influence the world’s perception of Chile
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The dry, cloudless atmosphere over the Atacama Desert produces skies clearer than any in the northern hemisphere
Class-leading observatories and natural advantages make Chile an astronomical success
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PEDRO ATRIA ALONSO, Chile Country Head of Principal Financial Group
With a wealth of experience, the Chilean division of Principal Financial Group has risen to the top of the industry, offering its clients savvy savings instruments and trust
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Chile’s thriving exports sector relies on its rail infrastructure to keep things moving
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An Equal Partner
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Codelco is the largest copper producing company on earth, boasting close to 20% of the world’s reserves
From its national airline to flagship shopping centers to copper mining, examples of success span the range of Chile’s commerce and industry... Even the nation’s unique pension system has found international acclaim and has been emulated, either in whole or in part, by other countries
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Corfo aims to turn Chile into the regional hub of entrepreneurship and innovation
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JUAN ANTONIO FIGUEROA, Head of InvestChile
Since its creation, InvestChile has brought US$2.4 billion in foreign investment to the country and US$143 million last year alone. The outlook for 2011 looks even better, with a growing network of foreign offices and specialized support team helping to strengthen Chile’s growth capacities
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“Chile is...    “Santiago is...
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Larrain Vial recently received the Best Investment Bank in Chile 2011 award by Global Finance and has more than 700 employees
Underpinning foreign confidence in Chile is the continued solid performance of its financial sector. The strength of its institutions, efficient regulatory system
and successful reforms have allowed Chile to create a robust financial framework
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Top 10
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The world’s largest swimming pool at San Alfonso del Mar is over half a mile long, and holds 66 million gallons of water
Companies that have discovered how to capitalize on the country’s natural beauty without damaging it are reaping rich rewards
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Forestry exports rose 19% between 2009 and 2010, to US$5.6 billion. Pulp, which represents about 40% of all wood exports, leapt 49.9% to US$1.8 billion in the first half of 2011 alone
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Chile is a vast country waiting to be explored. Its people, landscapes, delightful food and myriad destinations make for a fantastic vacation. However, choosing where to go and what to do can be difficult...
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Around 112 miles long and just over 30 miles wide, the Isla Grande de Chiloe (Big Island of Chiloe) is the second-largest island in South America after Tierra del Fuego and is the biggest in the Chiloe archipelago.
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Located in northern Chile in the remote Pampa desert, one of the driest areas on Earth, Humberstone and Santa Laura Saltpeter Works are two former saltpeter refineries that processed the largest deposit of saltpeter in the world.
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The exclusive representative of American Express in Chile, Travel Security caters to the corporate segment, adding value through expertise and personalized service
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Over the past decade, joint public-private efforts to build a thriving agro-industry, and complementary trade policies that have given Chile’s agricultural sector access to more markets than those of any other country, have resulted in the creation of a major food-producing and exporting nation
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Carmenere varietals combining new ideas and centuries of expertise
Steeped in over 460 years of history, Chilean expertise in the wine industry clearly travels well as the nation’s wines score highly with international palates in publications worldwide
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The 94 member wineries of Wines of Chile represent over 90% of the country’s bottled wine exports, and meet with experts from around the world to assess global tastes
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In order to increase competitiveness and continue its socio-economic progress, Chile must create more equitable access to quality education
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The Argentineans may be known as the philosophers of South America, but the Chileans are considered its poets
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Enjoy the thrill of skiing in Chile – at any time of the year
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Present in Chile for 77 years, Empresas Copec has contributed significantly to Chile’s history and success. The giant company provides products and services
that drive the economy, while cleverly using the country’s natural resources in a sustainable manner
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LOCATION:
Southern South America, bordering the South Pacific Ocean, between Argentina and Peru

CAPITAL:
Santiago
Geographic coordinates: 33 27 S, 70 40 W

AREA - comparative:
Slightly smaller than twice the size of Montana

POPULATION:
16,888,760 (July 2011 est.)
Country comparison to the world: 59

GDP - composition by sector:
Agriculture: 5.1%
Industry: 41.8%
Services: 53.1% (2010 est.)

AGRICULTURE - products:
Grapes, apples, pears, onions, wheat, corn, oats, peaches, garlic, asparagus, beans; beef, poultry, wool; fish; timber

INDUSTRIES:
Copper, lithium, other minerals, foodstuffs, fish processing, iron and steel, wood and wood products, transport equipment, cement, textiles

EXPORTS:
$71.03 billion (2010 est.)
Country comparison to the world: 41
$54 billion (2009 est.)

EXPORTS - commodities:
Copper, fruit, fish products, paper and pulp, chemicals, wine

EXPORTS - partners:
China 23.2%, US 11.3%, Japan 9.2%, South Korea 5.8%, Brazil 5.1% (2009)