- Official languages: Spanish.
- Geographical location: it is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south. Chilean territory includes the Pacific islands of Juan Fernández, Salas y Gómez, Desventuradas, and Easter Island in Oceania.
- Administrative divisions: the country has 15 regions, 54 provinces and 348 communes.
- Capital: Santiago.
- Governance: Chile's government is a representative democratic republic, whereby the President of Chile is both head of state and head of government, and of a formal multi-party system that in practice behaves like a two-party one, due to binomialism. Executive power is exercised by the government. Legislative power is vested in both the government and the two chambers of the National Congress. The judiciary is independent of the executive and the legislature of Chile.
- Population: 17.95 million.
- Currency: Peso.
- GDP: $252,9 billion.
- Time zone: GMT -3.
- Telephone code: +56.
- Barcode: 780.
Trade and economic cooperation between Belarus and Chile
Chile has a dynamic and open economy and seeks to diversify its foreign trade. In addition, the country is rich in natural resources.
The main industries are mining and process industries, forestry industry, wood processing industry, food industry, agriculture and fishery. The ore mining plays a significant role in the country's economy.
Chile seeks to sign agreements with other countries to ensure more favorable conditions for its goods in these countries that account for 86% of global GDP. Chile has concluded free-trade agreements with the EU-countries, the USA, South Korea, several countries of Central America (Guatemala, Honduras, Costa Rica, Nicaragua, El Salvador), Mexico, Canada and other countries.
The country is open to international trade. Its import customs duties are extremely unified. A flat duty rate of 6% is applied to almost all imported goods.
In 2015, trade turnover between Belarus and Chile decreased by $26.5 million to $14 million against $40.5 million in 2014. In 2015, Belarusian exports to this country decreased by 60% to $0.8 million as compared to the previous year, Chilean exports to Belarus decreased by 65.7% to $13.2 million.
Belarus's most valuable products, imported by Chile in 2015:
- Potassic fertilizers ($0.35 million);
- Synthetic filament yarn ($0.17 million);
- Tyres ($0.006 million);
- Tractors and semi-tractors ($0.006 million).
Chile's most valuable products, imported by Belarus in 2015:
- Fresh apples, pears and quince ($2.4 million);
- Pig fat and poultry fat ($1.6 million);
- Grapes and dried grapes ($1.2 million);
- Prepared or preserved crustaceans, molluscs ($1.15 million).
Belarus mainly exports potassic fertilizers to Chile.
The following high value-added products are likely to be in demand in Chile:
- Motor vehicles to transport goods (HS code 8704);
- Tyres (HS code 4011);
- Glass fibres (7019);
- Agricultural machinery (HS code 8432);
- Aluminium structures (HS code 7610);
- Tableware and kitchenware of glass (HS code 7013);
- Toys and puzzles (HS code 9503);
- Binoculars, monoculars, other optical telescopes (HS code 9005).
This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the Argentine Republic, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Chile for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.
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