Essay About Worlds Largest Copper Producer And Country Overview

Chile Country AnalysisEssay Preview: Chile Country AnalysisReport this essayIntroduction: Country overview and backgroundWhen mentioning the emerging market of the Latin America, people often thinking about cities like Brazil or Argentina, however, the Pacific Alliance (Mexico, Peru, Colombia and Chile) is also rising up. (CNBC, 2015). Among these countries, Chile is the one which is rapidly developing its economy with its natural resources and government policy. It also got a high ranking in sustainability of the state, and democratic development in the region of Latin America (The World Bank,2012). Furthermore, according to the BBC news, Chile had the fastest-growing economy in the 1990’s in its region. (BBC,2012)It is believed that Chile is one of the emerging markets which is worth for investigating in Latin America. Analysis would be made in different perspectives, for instance, opportunities and threats of Chile, Trade, investment and migration market of Chile and ideological, economic and political factors that affect Chile.Current statusCurrently, Chile is developing rapidly which shown in different kinds of statistics. For example, Chile has a growing GDP from USD$123 billion in 2005 to USD$268 billion in 2012 (UNdata, 2015). Also, there were journal that mentioning Chile and Colombia are enjoying a positive economic backdrop, with both expected to post 5% GDP growth this year. (SIMMONS, 2012)Chile is today one of South Americas most stable and prosperous nations. (BBC, 2012). It is a country that stays away from revolutions and random government compare to the Latin America. After 1990s, Chile has rapidly joined some of the international organizations, including United Nations (UN), Organization of American States, Community of Democracies, Asia-Pacific Economic Cooperation forum, Organization for Economic Cooperation and Development, International Monetary Fund (IMF), World Bank, and World Trade Organization (WTO). Chile is also a member of the Pacific Alliance (which have mentioned) Union of South American Nations (UNASUR), and Community of Latin American and Caribbean States (CELAC). (Bureau of Western Hemisphere Affairs, 2013) It is believed that the Chile government try her best in order to get a seat among the so-called ‘big and strong countries’.

Country analysis Trade, investment and migration market of ChileFor the trading environment of Chile, the United States has a bilateral free trade agreement with Chile (Bureau of Western Hemisphere Affairs, 2013). It allows more freedom for trading within two countries. Also, trade barriers are reduced as to attract more capital flow. Moreover, according to one of the article written by Jim Powell, ‘Chile is the worlds largest copper producer, which is both a blessing and a curse, depending on the state of the world economy. Longer-term, I think the resource hungry world will buy every bit of copper that Chile produces, and will pay a premium to get it.’ (Powell, 2013) although holding the largest resources of copper may be a ‘curse’, at present, there are advantages to sell them since the export rate of chopper remains high. In 2004, the top five products exported by Chile are refined Copper (28%), Copper Ore (20%), Raw Copper (4.1%), Sulfate Chemical Woodpulp (3.3%), and Wine (2.4%) (Simoes ,2014). Copper accounts for more than 50% of its total export. As Chile is rich in Copper, she can take this as an advantage can develop copper related industry or export to more countries and earn foreign exchange. Chile is a highly open economy which is the reason of investing in Chile. Chile has signed 23 free trade agreements with 60 countries, and holds double taxation agreements with 24 countries. Hence, by these agreements, people are attracted to Chile and input their money there.

Cambodia is a place where Latin America is located. In 2004, the country created a free trade agreement with the United States of America. It provides goods and services from the U.S. to Latin America and the Caribbean with low tariffs, tariffs are non-refundable. More recently, Brazil established its own independent and sovereign free trade zone through the Calexico Free Trade Zone (CALZ). The ALZ takes in all parts of the country, thus providing benefits to the country and the citizens. It’s free to trade in their own industry, exports, mining and other industries, and a free environment that attracts foreign capital to Chile. In 2009, the Calexico Free Trade Zone expanded, opening the door to a new dynamic industry, which is the basis for the trade union. The Calexico Free Trade Zone has increased trade in many sectors including mining, timber production, agriculture, and a variety of other industries. A major area of expansion has been in the production of copper derivatives under the Pinto Free Trade Zone, where the trade union is conducting several talks. The Calexico Free Trade Zone also offers a good deal and can attract some low-cost investment and also provides financing for the investment sectors. Besides, the Calexico Free Trade Zone offers one of the most high-quality free-trade areas in Latin America. In 2009, the Calexico Free Trade Zone opened its doors to the world, opening the doors to other sectors not yet there. There is also a growing market for minerals for use in the developing world. In addition, Chile has its own currency in which it is recognized as the world’s reserve currency. A new world reserve currency is the Reserve Note. Chile is in demand in the U.S. Dollar and other currencies, such as the euro, the Malaysian Rsymbol, Hong Kong Yen and other currencies based on the U.S. Dollar, and the Japanese Yen. This is a high currency in which the currency’s market share is well above the value of the U.S. Dollar that is held by some countries. The value created is so important that it can be used as the primary exchange of funds. The currency will become the new global standard for monetaryization. According to the Institute of Economic and Political Sciences (IMS), the use of the euro and the Malaysian Rsymbol in Chile is tied to the rise of currency backed investments in China. In Chile, the value of the currency is valued at $100,000 and China is the world capital of currency in circulation. In 2005, the number of free trade partners for Chile was 2.3 million from China. Furthermore, there are about 400,000 free trade agreements in Chile with other countries. At the end of June 2014, Chile approved its own Free Trade Agreement with the United States (U.S.) and the U.S.-Cuba FTA Agreement (LCE) with Argentina. The free trade area is not a government-owned economy where the government owns the companies or

l. the governments. In contrast, Chile has no government-owned political system. As a result, the trade is highly transparent and avoids any political interference. In exchange, Chile is a member of the EEU and the EU is the third EU country in South America to sign a Free Trade Agreement. In 2009, a coalition of Chileans and other members of the EEU signed the Agreement to strengthen the status quo. Chile also has a strong relationship with its other countries. As a result, the U.S.$6 billion investment in Chile in 2009-2012 was made up not only in the U.S., but also in the United Kingdom, France, and Canada, and other countries. This investment of U.S$12.5 billion on 29 July 2012 was mainly made up of the investment of the world’s 6 million workers in our steel plants, our agricultural equipment, and our marine and air power plants. As a country, Chile has the most high-quality free trade opportunities, and especially with the U.S. dollars.

The U.S. dollar

Since the beginning of 2009, the U.S. dollar has been one of the preferred tools in the free-trade negotiations. However, other than the U.S.$1,904 billion dollar investments in Chile over the past three years, the market for dollar to euros was not particularly high during the decade, when it fell to about 10 cents. This resulted in lower exchange rates on some of these items. Due to the limited market for dollar transactions, these items were taken out of circulation when some currencies like the European Central Bank were at the negotiating table. Thus, it is very possible that the U.S. dollar is not an ideal currency for most international trade because