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Country Brief

An OECD member, Chile has an open economy with a substantial number of regional or bilateral trade agreements. Chile has diversified its trade network and is a member of the Pacific Alliance. The economy is mainly based on exports of copper, with a strong agricultural sector. Among Chile’s challenges, it could be highlighted the need to reduce inequality and vulnerability of middle- and low-income households; to improve the quality and equality in the education system and to strengthen the social security system. In the trade area there is a need to reduce dependence on commodity exports as well as to enhance SMEs competitiveness. The Government priorities include achievinge greater competitiveness, including the modernization of the state and to promote investment in priority sectors. In this context, ITC continues to coordinate its work in the country through the existing leading Trade Support Institutions and places SMEs integration into regional and global value chains as a priority for future interventions.

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