Northern Powerhouse Virtual Clean Growth Trade Mission to Chile
April 14 @ 9:00 am - 5:00 pm
Over the coming months, the Department for International Trade (DIT) will be hosting a series of events in partnership with our overseas teams to help companies working on the Clean Growth agenda access international markets and grow through export.
Chile is the UK’s third-biggest trading partner in Latin America (Comtrade, 2019). A strong demand for innovative solutions makes it a great first stop for companies new to the region or wanting to enter Latin America.
Chile is great market for businesses wanting to enter Latin America with particular demand from the following industries:
- Energy (which includes management consultancies)
- Transport (which includes automotive, adv. engineering, aerospace, shipping, infrastructure, energy, chemicals)
- Buildings/Infrastructure (which includes adv. engineering, Construction, Environment, Water, Tech & Smart Cities)
- Circular Economy (which includes waste management, adv. manufacturing)
Chile and the UK have enjoyed a long and vibrant trading and diplomatic history based on shared values. Total trade in goods and services between the UK and Chile was worth £1.6 billion in the four quarters to the end of Q3 2020 and total exports amounted to £843 million.
The UK has also signed an association agreement with Chile. Since 12 January 2021, preferential tariff rates on UK exports to Chile, are being applied as set out in the agreement, opening up more opportunities for UK companies. This association agreement includes provisions on trade in goods (including provisions on preferential tariffs, tariff rate quotas, rules of origin and sanitary and phytosanitary measures), trade in services, intellectual property and Government procurement.