Chile among leading exporters of 23 non-copper related products
Chile among leading exporters of 23 non-copper related products
Monday, December 2nd 2013 - 13:32 UTC
Chile leads the world in copper production but the country must do more to diversify its export-driven economy, according to experts. Precisely to diversify several government and industry bodies have spent years promoting Chile’s major non-mining related export items, which consist largely of produce, wood products and aquaculture.
“We have a gigantic shortfall when it comes to investing in other products,” Ricardo French-Davis National Prize winner of Humanities and Social Sciences and Professor of Economics at the Universidad de Chile, told The Santiago Times.
Chile’s has also been prolific in signing free trade agreements — the country has 22 such agreements, allowing free trade to 60 economies around the world including the European Union, the United States, China and Japan, opening its products up to 62% of the world’s population.
Now, those efforts may be starting to pay off. According to figures released by national trade commission, ProChile, the country is one of the top three largest producers in the world for a total of 23 non-copper related products. In 2003, that figure numbered 11 products.
More:
http://en.mercopress.com/2013/12/02/chile-among-leading-exporters-of-23-non-copper-related-products
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