After two years with no change, Chile has climbed two places in the IMD World Competitiveness Ranking, reaching its highest position since 2019. This improvement was driven by the country’s economic performance, although challenges remain in infrastructure, productivity, and innovation.

Topics: Ranking- Chilean Economy

The agreement includes a royalty of 6% on net sales for the first 10 years, increasing to 6.25% in the following five years, and reaching 6.5% in the final five-year period.

Topics: Food Industry- Chilean Economy

The proposal aims to simplify sectoral permit processing, reducing processing time and increasing efficiency and certainty in investment projects. The bill is now moving into its second legislative stage in the Senate. 

Topics: Chilean Economy

A new bill aims to increase the participation of women on the boards of publicly traded and special corporations, establishing a suggested maximum quota of 60% for the gender with greater representation.

Topics: Women- Chilean Economy- Best practices

The Foreign Investment Promotion Agency was created in 2016. Since then, it has accelerated the implementation of 220 projects worth US$21 billion from 32 countries.

Topics: Foreign Investment- Chilean Economy

The UNCTAD report highlights the momentum of the extraction of minerals for the energy transition in the region, particularly in Chile, and also emphasizes Chile’s green hydrogen and solar and wind power projects.

Topics: Foreign Investment- Chilean Economy- UNCTAD

The English publication analyzed the performance of the 35 OECD countries based on variables such as inflation, GDP, employment and stock market performance, ranking Chile seventh.

Topics: Chilean Economy

This pact strengthens commercial ties and reinforces shared values and fundamental principles, paving the way for a more prosperous and sustainable future for both parties.

Topics: International trade- Chilean Economy- European Union

The Chilean Senate unanimously endorsed a treaty that streamlines trade between both countries after 13 years of discussion.

Topics: Chilean Economy- US investment

The legislation, which aims to improve the quality of life of employees and their families, will reduce the workweek for all individuals governed by the Labor Code. 

Topics: Chilean Economy

According to the Boston Consulting Group (BCG), green foreign direct investment (FDI) flows have increased significantly in recent years, becoming the largest FDI category. In this context, Chile has positioned itself as a pioneering country.  

Topics: Foreign Investment- Environment- Chilean Economy

The report published by Transparency International places Chile 27th in the ranking, the same as last year, while Denmark, Finland and New Zealand top the list worldwide. 

Topics: Ranking- Chilean Economy

The Productivity Agenda is the result of joint work with Chile’s different business associations and main workers’ organization. The measures aim to create the necessary conditions to boost the country’s economic growth and facilitate investment processes.  

Topics: Chilean Economy

In 2022, the Chilean government achieved a fiscal surplus of 1.1% of GDP. Meanwhile, spending decreased by 23.1% and public debt stabilized at 37.3%. 

Topics: Chilean Economy

Chilean Finance Minister, Mario Marcel, the United States Department of State’s Chief Economist, Emily Blanchard, and the OECD’s Chief Economist and Director of Country Studies, Álvaro Santos Pereira offered their views on the South American country. 

Topics: Chilean Economy- InvestChile Forum

Global services and technology, fintech, circular economy, green hydrogen, and tourism are among the economic sectors that the South American country wants to promote.  

Topics: Global services- Tourism- Chilean Economy- Circular economy- Fintech- Green Hydrogen- Investment Opportunities

ClaveÚnica (Unique Key) has more than 14 million active users since its implementation. It can currently be used to carry out more than 1,600 procedures in the public sector. Two-step authentication will be implemented in 2023, preventing malicious use and identity theft.  

Topics: Digital Economy- Chilean Economy

The University of Chile, together with ASIMET and Corfo, are developing technological solutions to move Chilean industry from traditional to advanced manufacturing by taking advantage of the fourth revolution.

Topics: Chilean Economy- Talent

The strategy includes 28 measures to boost growth. We explain which of them are important for foreign investors to understand.

Topics: Foreign Investment- Chilean Economy

The first structural reform to be implemented by the President Gabriel Boric’s government aims to make progress on tax fairness for all taxpayers, and to finance initiatives to expand social security and promote productive and regional development.

Topics: Chilean Economy- Tax reform