Its comparative economic advantages (revenue from mining, competitive and counter-seasonal agriculture sector) have given it access to the large markets of North America, Europe and the Asia-Pacific (and recently to other South American countries, especially Brazil). Chile also signed a trade continuity agreement with the UK, ensuring continued trade relations.
Although the UK has been trading with Chile for over 200 years, the current situation leaves the UK in ?th position and with a huge opportunity to compete with current incumbents. The sectors currently viewed as the most interesting for UK companies are:
● Agribusiness ● Mining ● Education ● Clean Growth ● Financial Services
● Infrastructure ● Life Sciences ● Tech and Creative Industries
We have provided sector reports for each of these industries for you.
Chile’s clean growth agenda has broadened and become more ambitious under successive governments since the beginning of President Michelle Bachelet’s second term in office in 2014, and has now further intensified due to the recovery needed after the Covid-19 pandemic.
Over the last 25 years, Chile’s investment in infrastructure has delivered impressive improvements in the built environment and living standards for Chilean people. Vital transport and health services have been established and jobs created, stimulating the economy and contributing to Chile’s overall growth.
Chile is the world’s largest producer of copper (28% share), and the second largest producer of lithium (22% share). It also produces significant quantities of Molybdenum, Gold, Silver and Iron Ore. Chile’s mining sector is, quite literally, the bedrock of its economy.
Despite its extreme geography, and at times because of it, Chile has regional leading digital infrastructure. It leads internet penetration and number of users. It is home to regional data centres for companies such as Google, AWS and Microsoft and shows great potential for new AI and Cloud technologies, thanks to the immense data capacity from the country’s investment in astronomy and astro-engineering.