CHILE ECONOMY and Every Financial Thing About CHILE

GENERAL ECONOMIC DATA
Currency: Chilean peso (CLP)
National income: $ 203 billion
Per capita income: $ 12,700
Real growth rate: 4.2%
Inflation: 1.1%
Unemployment: 8.5%
Living below the poverty line: 18.2%
Labor: agriculture: 9% industry: 34% services: 57%
Agricultural products: grapes, apples, olives, wheat, corn, oats,
Industries: copper, iron, steel, seafood, wood products, cement, textiles
Exports: $ 21,046 billion;
Imports: $ 18.031 billion
Oil production: 15,100 bbl / day (2006)
Natural gas production: 1.09 billion m 3 (2004)
Electricity production: 47.6 billion kW / hour (2006)
I Askeriyat: National income 0.3%


Unlike Pinochet, Salvador Allende's socialist public economy, the neoliberal market economy has been directed towards. A large part of public institutions as well as more timely and Pinochet was privatized in the next administration. However, Allende timely nationalized, Pinochet's military under the control held copper production today still state elindedir.pinochet later than the center-left government, social rights in order to establish strive Although, Chile still today social inequality is too high, the country is one of the.



economic Structure
Chilean economic policies of import substitution in the middle of the 1970s, other Latin American countries have abandoned nearly a decade ago, and the implementation of a liberal economy has taken important steps in the direction. This situation has brought about an increase in production and competition, especially in mining and fishing industries traditional export growth was recorded. At the same time, cellulose, fruit, salmon, wood products, and wine in new sectors such as methanol, air and ship transport and service industries such as tourism development.
40% of export revenues from mining, one-third of the national income is derived from the Chilean copper mining company Codelco's largest stand-alone carries 10% of world copper production. In 2009, the decline in the manufacturing industry in the sector made ​​up of small and medium-sized companies been effective, tax benefits have been recognized by the government of these manufacturers. Due to the crisis, one of the country's most important industry of processed fruit and vegetables and wine exports declined. Livestock and fisheries sectors in Chile also has advanced 13% of the workforce is employed in the agricultural sector. Declining oil production in the country is 20 years, natural gas production is not sufficient to meet the consumption.
Economic activities are concentrated mainly in the central part of the country. Santiago hosts 40% of the country's population, produces 47% of GDP. In Valparaiso constitute 10% of the total population. In the north of the development of the mining industry; salmon farming in the south, tourism and methanol production, has led to the spread of economic activities across the country.

  Economic Policy
Pinera took over the presidency in March 2010, the government's priorities, without compromising macroeconomic stability has been the elimination of earthquake damage. Countries hardest hit by the earthquake zones located in the central-southern region of Maule and Bio Bio is the environment. After the earthquake that occurred in the three-month period in order to meet the need for a package of measures worth $ 111 million is explained.
Pinera during the period of liberal trade and investment policies, maintaining an average annual rate of 6% GDP growth, ensuring that between the years 2010-2014, 1 million new job creation, GDP ratio as investments from 21% (2010) to 28% removal, 2014 poverty until the disappearance (of the population as of 2009 3.7% is a day to earn $ 2), health, education and infrastructure investments to become a developed country in 10 years is expected to prepare the ground.

economic Performance
In Chile, the market economy is valid export revenues constitute one-quarter of GDP. In the 1990s, the economic reforms conducted through between 1991-1997 real GDP growth average amounted to 8%, but in 1998, the financial crisis with a growing current account deficit in order to reduce the tight monetary policy due to the growth rate of 4% has remained. If the drought in 1999, a decrease in agricultural production, due to the reduction of energy derived from hydroelectric power outages and for the first time after 15 years of economic decline has been caused. In subsequent years, the average economic growth of 4% was realized at the level of the main trading partners as a result of the Free Trade Agreement signed with further liberalize trade and foreign direct investment inflows have come rapidly increased.
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sectors
Chilean copper production in the mining sector of the economy form the basis constitutes the most important part. The share of the agricultural sector by 5.6%, while the share of the industrial sector is around 40.5%. Declining trend in oil production in the country is in the last twenty years, hydro, geothermal, wind and solar energy are hosting great deals in Chile. Mining in the country's northern deserts, fertile valleys in the central part of the vegetable-fruit production, fishing is common in the south.


The largest contribution to the national income of shillings the world's largest copper mine Chuquicamata, which makes.

Chuquicamata
Chile's northern Atacama Desert 'in the city. Calamakent about 15 km away. Earth, the largest artificial hole opened by people who are famous for the world's largest copper mine. U.S. firm Guggenheim Bros. in 1912. mine gets to the economy. The initial work will start after a year and in the spring of 1915 Chuquicamata, started producing copper electrolysis-gain. In 1923 the Guggenheim Bros.. Anaconda Copper Mining Company mine eder.11 transfer in July 1971 with the constitutional reform and the nationalization of the copper mines in production until today's state institutions contributed to the economy by Codelco.
Log in rocks containing 180,000 tonnes of 1.5% copper, about 2,500 tons of high-quality copper is obtained. Nowadays annual 600,000 tons of copper is extracted. Mine approximately 4,300 m in length, 3.000 m wide, 850 m drinliğindedir.b an area of ​​approximately 13 km ² and ³ 11km theoretical volumetric equivalent to income. Up to 1.3 km of the mine in next year planlanmaktadır.statik problems deepen and complete the tectonic movements from the mine, will prevent a greater depth is reached.
Operates nearly 22,000 workers in the mine. Mine, probably soon to city Chuquicamata is ulaşacakd. Copper dust generated during recovery, is the cause of many diseases (typical lung diseases, asthma and several types of cancer). Chile, is found in international environmental treaties, reducing the health risks of the people, for the people of the region until 2007, should be placed to the city of Calama. If you run out of copper on the surface until the year 2012, production will be continued under the ground.
Copper production in the region is the biggest factor in environmental contamination. Wastewater containing arsenic and other toxic chemicals, into the desert for decades now has been evacuated and the nature of contaminated meat. When present an insufficient degree of water in the desert, and the very expensive as it covers a portion of the waste water current is recycled and is used indirectly.
Exports: $ 18 billion (2000)
Export products: 37% copper, other metals and minerals 8.2%, wood products 7.1%, fish by 9.8%, fruit 8.4%
Imports: $ 17 billion (2000)
Import commodities: capital goods 25.2%, raw materials 15.4%, petroleum 10%, foodstuffs 5.7%
Import partners: U.S. 24%, EU 23%, Argentina 11%, Brazil 6%, Japan 6%, Mexico 5% (1998)
Export partners: EU 27%, U.S. 16%, Japan 14%, Brazil 6% and 5% in Argentina (1998)
External debt amounted to: $ 64.77 billion (2008)


Political and economic aspects of the region's most stable countries which discriminate between domestic and foreign investors in Chile is, investors are offered a reliable investment environment. This situation has been greatly increase foreign capital, foreign capital inflows into the country despite the global financial crisis has cut the rate. FDI inflows increased in recent years, Chile has played an important role in economic growth and development; competitiveness, technological development and has also provided knowledge.
• Chile, 7th in the world in terms of economic freedom (Hong Kong was ranked # 1 of 73 in Turkey), was ranked # 1 in Latin America (2012 Index of Economic Freedom-Heritage Foundation & The Wall Street Journal).
• In terms of ease of doing business in 183 countries ranked 39th in the world (Singapore # 1, # 71 Turkey), was ranked # 1 in Latin American countries (World Bank - Doing Business 2012).
• Competitiveness in terms of level Ranked # 31 of 146 countries in the world (Switzerland # 1, in 59.sıra Turkey), was ranked # 1 in Latin America (World Economic Forum - Global Competitiveness Report, 2011-2012).
Transparent and effective state mechanism and having a common culture of foreign trade Chile, in terms of trade relations to develop an appropriate country. Ranked # 22 of 183 countries in the world in terms of transparency (New Zealand was ranked # 1 of 61 in Turkey) is ranked 3rd in Latin America (after Barbados and the Bahamas) (Int.-Corruption Perceptions Index 2011 Transparency).




Relations with Turkey
Chile - Turkey
Negotiation Process

In 2004, Turkey, Turkish President Ahmet Necdet Sezer, President Ricardo Lagos, during a visit to a Free Trade Agreement between Chile and Turkey (STA) to start negotiations aimed at signing a formal proposal was submitted.

Welcomed the initiative and to start negotiations for bilateral trade agreements Chile has expressed interest. Trade to be placed at the same level political connections linking Chile and Turkey, - this as a way to deepen economic relations was presented by President Lagos.

In June 2007, International Economic Relations Director Carlos Furch, Chile Free Trade Agreement between the Government's intention for the success of the two countries to resume negotiations, he said.

A month later, an FTA between the two countries to discuss practical, Chile and Turkey a Joint Working Group (CSG) to make the first meeting was held in Santiago.

2007 in Turkey in October, as well as the delegation of Chile between Turkey Free Trade Agreement (FTA) of both countries, bilateral trade reflected the positive results that the finalization of the Joint Working Group on the scene called.

In March of 2008, which talks in March 2009, ended after four rounds of negotiations, started.
On 14 July 2009, Turkey and the Chilean Minister of Foreign Affairs, Foreign Trade Minister, to sign a Free Trade Agreement between the two countries, Santiago, Chile met.
Free Trade Agreement entered into force on 1 March 2011.
FTA
Over 96% of trade between the two countries allow free trade agreement between Chile and Turkey, the release of an FTA, and the remaining products, including tariff reductions, duty free within 6 years from the entry into force.

Agreement on market access divisions, sanitary and phytosanitary measures, technical barriers to trade, rules of origin, customs procedures, protection, dispute resolution and includes legal provisions.

Mining, fruit and food, fisheries and forestry benefits for the Treaty. Today the main Chilean fruit species important tariff reductions and the main national fisheries and forestry products enjoy similar.

In contrast, these agreements, among others, Chile duty-free machinery, automobile and white goods to enter.
TURKEY - CHILE FREE TRADE AGREEMENT

State Minister Zafer Caglayan and Chilean Foreign Minister Mariano Fernandez 14 July 2009 in Santiago, sign the Republic of Turkey and the Republic of Chile Free Trade Agreement (FTA), March 1, 2011 entered into force.

As is known, in Latin America in the world economy growing importance of considering the commercial development of our relations to the region, our export diversification and the aim of increasing public and private sector organizations in collaboration with the prepared "Latin America and Commercial and Economic Relations Development Strategy" in 2006 to implement was put. In this context, Turkey's aforementioned strategy concluded the the first STA in the nature of the Agreement between the parties on trade in goods tariff and non-tariff barrier removal, animal and plant health measures, intellectual, industrial and commercial property rights, rules of origin, internal taxation, structural adjustment , anti-dumping, safeguard measures, such as the balance of payments in a very title contains regulations. In addition, the market preferential access provides the opportunity and the parties' economic potential by increasing economies of scale to benefit will provide the Turkey-Chile FTAs, the export of our sectoral and regional basis diversified ensuring our competitiveness and increasing foreign investment in promoting the important contributions will be found.

Turkey, Chile industrial products originating apply to customs duties FTA enters into force with the uninstall has committed Chilean side of our country to Chile exports as the value holds an important place in industrial products tariffs FTA enters into force as of the date uninstall adopted . Except for the aforementioned products, and Chile and a small portion of our exports up to 5% for products corresponding to the Chilean side, four-year reduction of customs duties within the calendar has committed to gradually lifting.

In agricultural products, Turkey, a certain number of items in the tariff quotas covered and / or periodic basically tariff reductions performing commitments, while the Chilean side a wider opening, providing a limited number of products, excluding Turkey agricultural products originating in imports imposed customs duties of any quota limit without will remove.

Our trade volume with Chile in 2007 stood at $ 576 million, with an effective global financial crisis in 2008, 474 million dollars in 2009 amounted to USD 238 million. In 2010, our trade volume with these countries over the same period of the previous year of $ 393 million was recorded as an increase of 65%. Ste comes along with Turkey-Chile trade volume, also providing a variety of products within two years is expected to increase to one billion dollars.

Still between the two countries tradable goods between the highest share products with our exports in terms of iron and steel products, motor vehicles, machinery and equipment and some chemicals, our imports in terms of the mining (copper and alloys), chemicals, fresh fruit and vegetables and forestry products from decene.













Turkey's exports to Chile have high potential of the main agricultural products are:
- Biscuits
- Sweet and Chocolate Finished
- Maya
- Tobacco
- Medicinal Plants
- Olive
- Olive Oil
- Spices
- Nuts
- Dried Fruits

Turkey to Chile's major industrial sectors with high export potential are:
- Automotive and Supplier Industry
- Tractors
- Business and Mining Machinery
- Iron and Steel
- Home Textiles




Is a member of International Organizations
APEC, BIS, CAN (common), CD, FAO, G-15, G-77, IADB, IAEA, IBRD, ICAO, ICC, ıcct, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO , IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, laeske, LAIA, Mercosur (Common), MIGA, MINUSTAH, NAM, OAS, OECD, OPANAL, OPCW, PCA, RG, SICA (observer) , UN, UNASUR, UNCTAD, UNESCO, UNFICYP, UNHCR, UNIDO, Union Latina, UNMOGIP, UNTSO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO.



















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