The Government of Chile have started considering expansion and modernization of the Chilean society to be one of the most prior requirement for the developmental projects of
Foreign Trade in Chile.
The main aim of the infrastructural network is to retain Chile's rapid growth in economy and its continual success in international trade. In the last 11 years, Chile saw an increase in the growth of GDP up to 7% annually. The unemployment rate decreased to almost 5 percent, with a hike in wages. The chart implying the import and export of Chile are as follows:
According to the estimation in 2000, Chile's imports were in the following categories:
- Transportation - 11.5%
- Industrial supplies - 25.6%
- Fuels - 18.0%
- Consumer goods - 15.1%
- Food - 5.5%
- Machinery - 23.3%
- Other - 1.0%
Chile's exports statistics are:
- Mineral - 16%
- Wood pulp and waste paper - 6.1%
- Fruit and nuts - 6.5%
- Fish - 6.5%
- World's wood chip - 7.2%
The trade in Chile has entered into the agreements of Southern Common Market, anticipated accession to
NAFTA, a prospective free trade agreement with Central American nations, and nascent framework with the European Union and APEC-Asia-Pacific Economic Cooperation. The trade partners of Chile are United States, Korea, Germany, Japan, United Kingdom, Brazil, China, Italy, Mexico, France, Italy and Argentina.
Foreign Trade in Chile is developing with the passing years and opening up new prospects for the business and industrial belt.
