Chile and its Bilateral Business Interactions with Canada

This document explores the bilateral business interactions between Chile and Canada, focusing on their trade agreements, economic impact, and environmental cooperation. The Canada-Chile Free Trade Agreement (CCFTA) has significantly influenced the economic participation of both countries, leading to increased trade and investment. The document also highlights the political, legal, and cultural factors that have contributed to the development of their bilateral relations. Additionally, it discusses the environmental cooperation between the two countries and their efforts towards sustainable development.

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 1
CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA
Student Name
Institution Affiliation
Facilitator
Course
Date

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 2
Bilateral interactions are two-sided relations which are expansive and multi-faceted, tied
down in shared qualities. These shared qualities include a promise to popular government,
human rights, and strengthening of women, open markets and business, and multilateral
participation to address worldwide harmony and security challenges. Chile and Canada have
already celebrated 75 years of energetic discretionary relations in 2016 just as the twentieth
commemoration of the Canada-Chile Free Trade Agreement in 2017.1 Chile and Canada are
close accomplices in multilateral fora which includes the United Nations, the Asian Pacific
Economic Cooperations among others.
Canada-Chile Free Trade Agreement (CCFTA), which acts as the foundation of the
respective exchange and venture relationship has impacted the global economic participation of
both countries.2This understanding spreads exchange products and enterprises and incorporates
side concessions to condition and labor relations. Respective product exchange has about
quadrupled since CCFTA came into power in 1997, achieving its largest amount, $2.9 billion, in
2017. Canada sent out more than $855.1 million in product to Chile in 2017, driven by
machinery, fat, and oils, oats, pharmaceutical items, and mineral oils and fuel.
Chile exports amounted to more than $2.0 billion. These were driven by basic metals
essentially copper, natural products and nuts, valuable stones and metals especially gold and
silver, seafood and refreshments like wine.3Chile was the 24th biggest wellspring of Canadian
1 Knopf, Howard P. "Canada's Role in the Relationship of Trade and Intellectual Property."
(2018).
2Farha, Ryan. "A Right Unexercised Is a Right Lost: Abolishing Antidumping in
Regional Trade Agreements." Geo. J. Int'l L.44 (2012): 211.
3 Korinek, Jane. "Mineral resource trade in Chile." (2013).

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 3
product imports and 26th biggest Canadian product trade goal in 2007. Canada traded
administrations esteemed at $226 million to Chile and imported $101 million in administrations
from Chile. Toward the finish of 2017, the load of Canadian direct interest in Chile remained at
$17.1 billion, making Chile and Canada's top speculation goal in South and Focal America and
10thworldwide. Toward the finish of 2017, the load of Chilean direct interest in Canada was
$909 million.
Political, legal and economic factors impacted various factors between the two countries
to improve their state of development.4A high percentage increment on the GDP was observed
due to the agreements made between the two countries Chile and Canada. The two governments
agreed to do away with the trade barriers and signed into a free trade agreement. The CCFTA led
to better marketing of and a vast working environment because importation and exportation of
goods and any services were free.5 The political stability and interactions led to successful
economic growth because there were no conflicts.
The inter-country visits were made by the president of Chile to Canada, the governor visit
to Chile which enhanced cohesion between the two countries. The minister of mining from Chile
attended the Prospectors and Developers Associations of Canada (PDAC) among other
ministerial visits.6The minister of international trade made visits to Chile which bore fruits
4Burnett, Ben G. Political groups in Chile: The dialogue between order and change. Vol.
21. University of Texas Press, 2015.
5Sas, Catherine A., and Don J. DeVoretz. Managing canada'slabour market needs in the
21st century. Asia Pacific Foundation of Canada, 2010.
6Lindsay, Nicole Marie. "Mining industry associations and CSR discourse: mapping the
terrain of sustainable development strategies." In Governance Ecosystems, pp. 133-153. Palgrave

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 4
including the raising of the trade barriers among other legislation. The unemployment cases in
both countries went down because of the creation of an open market and better labor policies.
The signing of a Memorandum of Understanding on Defense Cooperation led to the mutual
expansion of bilateral interactions because of the trade and economy security.7
Solid bilateral relations and specialized participation on environmental issues encouraged
by the Canada-Chile Agreement for Environmental Cooperation (CCAEC): The ministries of the
environment have collaborated for more than twenty years.8This assembles limit in natural
administration frameworks; enforcement, open interest, secured territories the executives.
Additionally, preserve and ensure transitory birds are safe because Canada and Chile share 41
types of transient feathered creatures. They also lead joint research on observation of ecological
impacts of shared intrusive species like birds and trade mastery in regions. These mastery
regions include; defiled locales, ecological bookkeeping, carbon markets, and indigenous consult
and many more others.
The two countries through well-laid policies are responsible for the conservation of
biodiversity, renewable sources of minerals and energy sources as well as protection of the
Macmillan, London, 2011.
7Polanco, Rodrigo. "The Chilean Experience in South-South Trade and Investment
Agreements." FGV Direito SP Research Paper Series 35 (2014).
8Gutiérrez Haces, María Teresa. "Challenges for Justin Trudeau’s Government on
Extractive Activities, the Environment, Accountability and Tax
Transparency." Étudescanadiennes/Canadian Studies. Revue interdisciplinaire des
étudescanadiennesen France 81 (2016): 27-54.

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 5
environment.9 This results in sustainable development structure within them hence keeping the
raw materials for their developments like the mineral ores. The contaminated sites in Chile and
Canada are under strategized programs of environmental risk management. This is achieved by
offering intercountry workshops on the protection and improvement of the environment. This
cooperation’s foster the uprightness of the future and present generations and hence this
promotes economic efficiency.
The social and cultural factors are known shared cultural norms, values, and attitudes
between Canada and Chile where they reduced the intercountry competitiveness and rather
higher productivity. This impacted marketing positively after they were exchanged by
innovation, cooperation, productivity increase, and better entrepreneurship. Education and
language development between the countries was enhanced by the close links where most post-
secondary students were sponsored.10 Scholarship programs and other educative initiatives
flourished in these countries offering more than 500 students scholarships. This led to the
exchange of faculties and improvement of joint programs.
Because of the free socio-interactions Canada hosts, more than 45,000 Chilean citizens
and tourist visitations are doubled due to the lifting of the Chilean visa requirements.11This
boosts the working logistics and also enhances the working environments adversely. Having the
9George, Clive. "Developments in Regional Trade Agreements and the Environment." (2014).
10Kormos, Judit, and Thom Kiddle. "The role of socio-economic factors in motivation to
learn English as a foreign language: The case of Chile." System 41, no. 2 (2013): 399-412.
11Brezzi, Monica, Jean-Christophe Dumont, Mario Piacentini, and Cécile Thoreau.
"Determinants of localization of recent immigrants across oecd regions." In OECD Workshop on
Migration and Regional Development, vol. 7. 2010.

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 6
scholarship programs running without discrimination has led to higher levels of literacy and
better innovation because of borrowed technology and education system. The cultural
dimensions are now widespread and have really taken root. There is immense growth in both the
economy and companies in both countries because of the good working environment without
these many restrictions.
In conclusion, the bilateral interactions have led to many benefits in both countries. The
state of their agreement trade terms has made them among the best competitive nations
economically in the whole world. The political contribution to the development is to be applause
and it has led to a smooth clean curve of growth because the economy is well secured. On the
issue of environmental conservation and policies against contamination has ensured economic
efficiency sustainably.

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 7
Bibliography
Brezzi, Monica, Jean-Christophe Dumont, Mario Piacentini, and Cécile Thoreau. "Determinants
of localization of recent immigrants across OECD regions." In OECD Workshop on
Migration and Regional Development, vol. 7. 2010.
Burnett, Ben G. Political groups in Chile: The dialogue between order and change. Vol. 21.
University of Texas Press, 2015.
Farha, Ryan. "A Right Unexercised is a Right Lost: Abolishing Antidumping in Regional Trade
Agreements." Geo. J. Int'l L.44 (2012): 211.
George, Clive. "Developments in Regional Trade Agreements and the Environment." (2014).
Gutiérrez Haces, María Teresa. "Challenges for Justin Trudeau’s Government on Extractive
Activities, the Environment, Accountability and Tax
Transparency." Étudescanadiennes/Canadian Studies. Revue interdisciplinaire des
étudescanadiennesen France 81 (2016): 27-54.
Knopf, Howard P. "Canada's Role in the Relationship of Trade and Intellectual Property."
(2018).
Korinek, Jane. "Mineral resource trade in Chile." (2013).
Kormos, Judit, and Thom Kiddle. "The role of socio-economic factors in motivation to learn
English as a foreign language: The case of Chile." System 41, no. 2 (2013): 399-412.
Lindsay, Nicole Marie. "Mining industry associations and CSR discourse: mapping the terrain of
sustainable development strategies." In Governance Ecosystems, pp. 133-153. Palgrave
Macmillan, London, 2011.
Polanco, Rodrigo. "The Chilean Experience in South-South Trade and Investment
Agreements." FGV Direito SP Research Paper Series 35 (2014).

CHILE AND ITS BILATERAL BUSINESS INTERACTIONS WITH CANADA 8
Sas, Catherine A., and Don J. DeVoretz. Managing Canada's labor market needs in the 21st
century. Asia Pacific Foundation of Canada, 2010.