Major Reasons to Invest in Chile
1. Chile has a great mix of characteristics. Primarily it is a nation with a high regard for public safety, operating a police force well known for its lack of corruption and as such the country boasts the region’s best political and social stability.
2. A place with modern infrastructure in its cities, development projects and upgrades underway in its provinces. Offering a privileged variety of climate, geography and landscape it has many communities to choose from with varying natural beauty. Combined with strong, secure and balanced governance together these characteristics make Chile one of the best places in which to live in Latin America.
3. The capital Santiago is one of the top five most livable cities of the Spanish-speaking countries according to the Economist Intelligence Unit (EIU).
4. The world is becoming a more dangerous place and as of a 2016 assessment there were just 10 countries which could be considered free from significant conflict. All of this information and more according to the authors of the 10th annual Global Peace Index. The Institute for Economics and Peace, a think tank which has produced the index for the past 10 years, believes that only Botswana, Chile, Costa Rica, Japan, Mauritius, Panama, Qatar, Switzerland, Uruguay and Vietnam are presently peaceful countries.
5. Chile’s open economy, combined with activities related to a growing number of bilateral, regional and multilateral trade agreements, has spurred on a steady increase in foreign trade. Providing more goods and development of new services has made the country more competitive internationally. With a gain in competitiveness it has been able to consolidate its position as an active international partner. The nation has signed trade agreements with more than 60 countries, expanding its reach to potential world-wide consumers.
6. Chile has many trade agreements, below is an outline.
There are Free Trade Agreements with Australia, Canada, Central America, China, Colombia, EFTA (Norway, Switzerland, Iceland and Liechtenstein), Malaysia, Mexico, Panama, Peru, South Korea, Vietnam, Hong Kong, Thailand, Turkey and the United States.
Also it has Economic Association with the European Union, Japan & P4 (TPP Countries) as well as Complementation Agreements with Bolivia, Ecuador, MERCOSUR (Argentina, Brazil, Paraguay, Uruguay) and Venezuela.
A Partial Scope Agreements with the country of India and additionally Cuba.
7. Chile is known for its sustained efforts and success in transparency of government and this is reflected in rankings in correlating international indexes. These highlight the low level of corruption in the country and particularly its sound finances due to government efforts to raise standards in administration of the state. In the Transparency International’s 2015 Corruption Perceptions Index, Chile obtained a score of 70 points, ranking as one of the best-placed economies out of 168 countries measured.
8. Thanks to its aforementioned transparency, political & economic stability, openness to trade, and solid growth prospects, Chile has fostered an attractive and growing business climate for investors. According to the Economist Intelligence Unit Business Environment Ranking 2014-2018, Chile took 13th place out of 82 economies.
9. In the 2014-2015 Global Competitiveness Index published by the World Economic Forum, Chile took 33rd place out of 144 economies, ahead of all other Latin American countries.
Although several scandals in the recent past have posed a challenge and undermined public trust in politics and the economy, Chile it is still by comparison a safe place in which to do business as borne out by many risk ratings agencies which have increased or maintained their high ratings for the country. In many cases they highlighted its low level of national debt, the health of its banks & financial system as well as its solid business and government institutions.
10. Chile has a consolidated position as Latin America’s most competitive economy. This is mainly due to its sustained economic growth and openness to trade which have set it apart internationally as a free and progressive market. Its performance is reflected in the rankings of many institutions that annually measure competitiveness around the world.