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What You Need to Know Before Exporting to Chile

Chile’s importance to USA trade Situated along more than 2,600 miles of South America’s west coast, Chile is a very strong trade partner and export market for American companies. In fact, 100% of U.S. exports enter Chile duty-free, making doing business with Chile very appealing. The U.S. is Chile’s second highest trade partner, ranking only behind China. Watch the video brought to you by the U.S. Commercial Service to get a better taste of what business opportunities lie in Chile. Contact the Gateway…

New Legal Framework for Foreign Direct Investment in Chile

On 1 January 2016, the new legal framework for foreign direct investment in Chile (the “New Law”) was enacted to replace the Decree Law 600 ( ̈DL 600 ̈) that has been in place since 1974. DL600 regulated the entry of foreign capital as investments into Chile. It provided investors with guaranteed certainties, rights and certain tax advantages. Individuals, legal entities or Chileans residing abroad could bring funds into Chile under this regulation. It was utilised by a wide range of industries but was…

Chilean agriculture is expected to become part of the 10 largest food exporters in the world by 2020

Agriculture in Chile is a strategically important sector. The objective is to make Chile part of the 10 largest food exporters in the world by 2020. At the moment Chile is round about No: 20. From the beginning of this century food export increased by an average of 12% annually. Further processing and surplus values are central in the policy. Primary production is only a small part of the gross national product. Because of the closed-in position of the country sanitary provisions are second to none and these…