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JOLANTA POLK COMMERCIAL OFFICER CHILE

JOLANTA POLK COMMERCIAL OFFICER CHILE. CHILEAN EXPECTATIONS. Geography. Southwest coast of South America. No direct flights to UK -14 hours via Paris Approximately 4,300 km (2,666 miles) from the Atacama Desert in the North to the polar icecaps in the South. 14/10/2014. 3.

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JOLANTA POLK COMMERCIAL OFFICER CHILE

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  1. JOLANTA POLK COMMERCIAL OFFICER CHILE Presentation title UNCLASSIFIED

  2. CHILEAN EXPECTATIONS

  3. Geography • Southwest coast of South America. • No direct flights to UK -14 hours via Paris • Approximately 4,300 km (2,666 miles) from the Atacama Desert in the North to the polar icecaps in the South. 14/10/2014 3

  4. Chile: Facts & Figures Total population 17.1 million Greater Santiago 6 million Population growth rate 1.1% Workforce 6.8 million Literacy rate 95.7% Life expectancy 79 years Inflation rate 2012* 2.5% Unemployment ** 6.7% GDP 2011 USD 248bn GDP growth 2011 6.0% GDP growth estimate 2012 4.5-5% GDP per capita 2011 (PPP) USD 17,125 * 12 monthly in June 2012 ** July 2012 Sources: INE, Banco Central de Chile, IMF, Economist Intelligence Unit, World Bank, UN Chile: Facts & Figures 14/10/2014 4

  5. Northern Chile • Tourism • Mining • Astronomy 14/10/2014 5

  6. Central Chile • Metropolitan region • Vineyards • Agriculture 14/10/2014 6

  7. Southern Chile • Tourism • Forestry/Fisheries • Sheep and Cattle ranching 14/10/2014 7

  8. Economy - highlights • Population: 17mn (2012 est.) – 60th in the world • GDP: $248bn (2011) – 45th in world (5th largest in SA) • GDP per capita: $17,125 (2011) – 52nd in world • Growth since 1990 averaging 5% pa 2010 - 6.1% 2011 - 6% 2012 - 5%? • Aspires to be a developed country by 2020 14/10/2014 8

  9. How? • Trade in goods and services – 73% of GDP • Low inflation – Central Bank target of 3% • Ease of doing business ranking: 39th out of 183 • Free trade – world’s largest network of FTAs 14/10/2014 9

  10. UK-Chile connections • UK exports of goods and services have increased five- fold since 2003 • Chief exports from UK – crude oil, road vehicles, pharmaceuticals, industrial machinery and beverages • Chief imports from Chile - Fruit and vegetables, wine and meat products • Trade in goods between Chile and the UK has declined in the first six months of this year. 14/10/2014 10

  11. Advantages established by law • EU-Chile Economic Association Agreement (since 2002) • What the agreement means for Goods and Services? •  - The majority of tariffs on UK goods entering Chile were eliminated on 1 February 2003, as too were most tariffs on Chilean goods entering the UK. Most other tariffs completed in 2010. • Chile and the EU are committed to reducing non-tariff barriers. • Aims to facilitate trade by reducing technical barriers. 14/10/2014 11

  12. Doing Business in Chile • The “English of South America” • Elevenses/onces • “Islanders” • Conservative • Punctual (for Latin America!) • Long relationship with UK • Language not usually a barrier – but Spanish does help • Face-to-face culture - Visit the market • Do not treat Chile as a third world market • A springboard to the region – “strategy not process” 14/10/2014 12

  13. TVET IN CHILE • Different ways to become a professional: • on the job training – popular amidst the lower-earning bracket of population (often uncertified but skilled in the job) • Liceos tecnicos – secondary school education. 4-year long but only the last two years dedicated to vocational training. First 2 common plan (lower middle class, generally poor background – state-funded) • Technical, post-secondary institutes (usually 1 – 2 years in duration) – varied quality and often uncertified • Universities – especially two technical universities – Duoc and Inacap

  14. TVET opportunities • Mining • Chile is the world’s biggest producer of copper with 33% of production • Most international mining companies are present in Chile: Xstrata, Anglo-American, BHP, Codelco • Mining project portfolio for 2013 is 104 billion US dollars • 4.3% of the investment comes from the UK • The biggest challenge is qualified staff – in the next 10 years • New projects demand more qualified staff in all ranks of qualification. Critical factors: Cost, Recruitment, Training and Maintenance • - Chile needs 46,000 qualified and certified technicians • 1 secondary mining school to open this March • 2 technical institutes with mining careers

  15. TVET opportunities • Certification • Hardly any international certification in: • Energy • Tourism • Mining • Skilled labour such as carpentry, mechanics, IT etc • English for professionals • Agriculture – Chile to become food power by 2020 • Medicine, banking, law • Tourism • Mining and energy • Technology

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