Salmon Cluster In Chile

Salmon Cluster in Chile

CHILE
CORFO –The Chilean Economic Development Agency– is a governmental organization founded in 1939 to promote economic growth in Chile. Since its inception, CORFO’s pioneering spirit has played a significant role in expanding the country’s economic development by promoting investment, innovation, and business cluster development, all combined with a focus on qualityand productivity. Originally, CORFO was responsible for the creation of the country’s leading industries - oil, power, steel, and transportation, among many others. CORFO oversees a variety of programs designed to stimulate Chile’s economic development. The programs aim to attract investment into the country and increase the competitiveness of national companies. CORFO’s main project areas areQuality and Productivity, Innovation, and Investment Promotion.

Photo: Courtesy Multiexport

WHY INVEST IN CHILE?
Latin America’s most competitive and stable economy A transparent and low-risk business climate World-class telecommunications infrastructure Outstanding access to Latin American markets Extensive network of Free Trade Agreements with Asia, Latin America, Europe, and the USCompetitive IT labor force An ‘e-ready’ society Exceptional quality of life Competitive business costs Government support for private enterprise

MAIN INTERNATIONAL INDEXES
The World Economic Forum ranks Chile as Latin America’s most competitive economy. Chile’s business environment continues to enjoy a favorable position within a selective group of 125 economies worldwide.

2006 - 2007 WorldCompetitiveness Index
Among Latin American Countries Sub-ranking Macroeconomics Overall Ranking Among 117 Countries

2005 - 2009 Best Place to do Business
Among Latin American Countries Among Emerging Countries Overall Ranking Among 60 Countries

1st 1st 27th

1st 1st 19th

Source: World Economic Forum (www.weforum.org), 2006

Source: Economist Intelligent Unit (www.eiu.com), 2005Global Services Location Index 2007*
India China Malaysia Thailand Brazil Indonesia Chile Philippines Bulgaria Mexico 1 2 3 4 5 6 7 8 9 10 Brazil Chile - U.S.A. Uruguay Costa Rica Iceland - Finland - NZ Netherlands Canada

Corruption Perceptions Index 2006*

1 9 14 20 28 55 70

* Selected countries out of 50 Source: A. T. Kearney (www.atkerney.com), 2007

* Selected economies out of 163evaluated / Source: Transparency International (www.transparency.org), 2006

2

EXTENSIVE NETWORK OF DOUBLE TAXATION & FREE TRADE AGREEMENTS

Chile has consolidated its position as an attractive investment location by building an extensive network of international agreements.
DOUBLE TAXATION AGREEMENTS
In force: Argentina, Canada, Mexico, Brazil, Norway, South Korea, Ecuador, Peru, Spain,Poland and France. Signed: Denmark, Croatia, UK, New Zealand, Sweden, Ireland and Thailand. Negotiations Concluded: Malaysia, Russia. Under negotiation: Finland, Cuba, Hungary, Holland, Paraguay, Switzerland, USA, Venezuela, Italy, Czech Republic and China.

FREE TRADE AGREEMENTS
China United States Mexico Canada South Korea Costa Rica, El Salvador, Guatemala, and Nicaragua MercoSur (Argentina,Brazil, Paraguay and Uruguay) EFTA (European Free Trade Association) Singapore, Brunei and New Zealand European Union In addition, Chile has begun trade negotiations with Honduras, Panama, Peru, Colombia and Cuba. For imports from countries with which it does not have a trade agreement, Chile applies a flat-rate tariff of 6%.

3

CHILE’S SALMON AND TROUT INDUSTRY
The salmon industry has played avery important role over the last seven to ten years in boosting production and increasing Chile’s export volumes and values, particularly in the Los Lagos region, where the industry is based. Chile is currently the world’s second largest salmon and trout producer and exporter (2007), accounting for 36% of global production (compared with 21% in 1995). The country is surpassed only by Norway,...