- Category: Business
- Published on Saturday, July 09 2011 04:06
- Written by Rod Hughes
- Hits: 692
A recent study by the export promotion agency Procomer has turned up at least 350 items produced in this country that might find a ready market in Chile.
The country has a free trade treaty with the Southern cone nation. The study indicates that products not being currently exported to the South American country have the most potential.
The study showed excellent possibilities for export of beef, roasted coffee (not decaf), medicines, some plastics, tires, animal feed, some lumber, diapers and sanitary napkins, laminated iron and steel, electronic phone parts, pencils and measuring instruments, to name a few.
Currently, what is being exported are juices, food preparations, tires, fruit concentrates and yuca (manioc root). Like Costa Rica, the central section of Chile is the biggest market with 61% of the population, its heart being the Santiago Metropolitan area.
Chile is considered a principal port of entry of products to sell to neighboring countries--as Chile goes, so goes the Southern Cone. But trade is still underdeveloped-- Chile is only 28th among this country's trading partners.
Trade is growing though: Chile was in 38th position in 2008 and 36th in 2009. However in 2010, Costa Rican exports to Chile topped $37 million. The country also bounced back from the worldwide recession well.