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Chile

EDC Position-open all programs

EDC's Position

  • Key EDC Market
  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Chile
Map of Chile

Country Facts

Nominal GDP240.23 Billion USD
Population17.95 Million
Total Trade/GDP60.38%
CurrencyChilean Peso (CLP)
Merchandise Imports from Canada790.31 Million CAD
Canadian direct investment15,130 Million CAD
Main importsIntermediate, Consumer & Capital Goods

EDC in Chile

Canadian companies assisted597
International buyers insured371
Business volume1,757.20 Million CAD

Business Environment

Chile is characterized by generally sound regulation, political and economic stability. Chile's foreign-investment regime is considered to be one of the most liberal in the world. Chile also has an open trade policy and its economy is highly dependent on international trade, accounting for about 70% of its GDP. Chile has an extensive portfolio of signed Free Trade Agreements including the Canada-Chile Free Trade Agreement (CCFTA). Bilateral merchandise trade has more than quadrupled since the ratification of the CCFTA, increasing to approximately $2.86 billion in 2014, where Canada exported $1.13 billion in merchandise to Chile. The Chilean market presents numerous business opportunities and a favourable investment climate. Canada has a well-established trade and investment relationship with Chile and an increasing number of Canadian companies are active in the market. There are business opportunities across a wide range of sectors that match Canadian capabilities.

Key Industries

  • Construction & Infrastructure
  • Environmental Infrastructure & Waste Water
  • Forestry (Lumber, Pulp & Paper)
  • Mining & Metals
  • Power

How we can support your business

Through our representation in Santiago, Chile, we provide on-the-ground support to Canadian companies planning on or currently doing business in Chile. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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