Presented by the Utah Governor's Office of Economic Development

1. Business Opportunities in Chile, 2012

2. USA-Chile Business Environment
• USA-Chile Free Trade Agreement.
– Currently no duties on 90% of US exports to Chile.
– All duties eliminated by 2015.
• US exports to Chile reached $10bn in 2010,
more than any other country.
• President Sebastian Piñera continues to
promote a liberal market economy.

3. Utah Exports to Chile 2000-2010
• Utah exports to Chile more than tripled between 2000 and 2010.
$35
$30
$25
Millions of USD
$20
$15
$10
$5
$0
Adapted from Trade Stats Express

4. Chilean Mining Opportunities
• Chile is the largest copper producer in the world.
– Annual production is expected to increase to 7.3mn
metric tons by 2020 (5.4mn metric tons in 2009).
8.0
7.5
Millions of Metric Tons
7.0 7.4
6.5
Adapted from the Chilean
6.0 Ministry of Mining and the US
5.5 Commercial Service
5.33 5.46
5.0
4.5
4.0
2005 2010 2020

5. Mining Supplier Opportunities
• Mining investment in Chile is growing rapidly.
– Thus, demand for related products and services is
increasing.
• The USA is the largest mining equipment
supplier to Chile.
• Utah currently exports considerable amounts of
machinery to Chile.
– In 2010, Utah exported $12mn worth of non-electrical
machinery to Chile.

6. Various Utah Exports to Chile
Machinery, Except Electrical - $12.5
million
30.3% 40.2% Chemicals - $4.1 million
Transportation Equipment - $2.5 million
7.9% Computer & Electronics Products - $2.5
million
8.2%
13.3% All Other - $9.4 million
Adapted from Trade Stats Express

7. Mining Supplier Opportunities
• Sub-Sector Prospects include:
– Equipment that requires regular replacement,
• Equipment: grinders, off-road trucks, cabbed truck
chassis, parts for rock cutters, excavators, cranes and
screening machines.
• Environmental system solutions: water treatment, water
desalination, air pollution abatement, mine closure,
carbon footprint reduction.
• Underground mining technology services and wear-
resistant materials.