1. 04/04/16 1
Senior Funds ManageSenior Funds Manage
FERNANDO GALLARDO MORGANFERNANDO GALLARDO MORGAN
CIS OPHALO 2001 SA DE CV COmPAny: OPHALO 2001 SA DE CV RFC:
ODm 010614LB4 Owner: Juan Felipe Soria Olvera ID: 0541054334318 Address: Punta
del Este 106, Querétaro México. CP 76230 E-mail: ophalo2001@gmail.com Skype:
ophalosc
Cerrano& Asociados S.L., Las Palmas de Gran Canaria (Spain) Carlos
Serrano ViñuelasSerrano Calle Olof Palme 42, 35010 Las Palmas de Gran Canaria
(Spain)
caser55@gmail.com Skype cafowe

2. Chile
Advantages And
Opportunities
A

3. About Chile
Chile, land of
opportunities
Investments
Trade
FTA Chile - Thailand

4. About Chile

5. SNAPSHOTS
 Population: 17,1137 millions.
 Total surface: 756,102.4 km²
 GDP 2011: US$248,411 Bn, current prices.
 GDP 2012: US$ 272,119 Bn, current prices (estimated)
 Current per capita income (2011): US$17,221 (PPP)
 President of the Republic: Michele Bachelet
 Term of office: 4 years
 We have a bicameral system.
 The next presidential election will be held on November, 2017.
5

6. CHILE A DIVERSE COUNTRY
Northern Chile has a desert
climate noted for wide
temperature swings.
It is also known for its
vast mining wealth.
Central Chile is home to
Santiago, the nation’s
capital. The region is a
major industrial and
agricultural hub.
In the south, the prevailing rains
and cold weather help nurture
rich fisheries and forest
resources.

7. ASTRONOMICAL CAPITAL OF THE WORLD
Natural laboratory of unique
conditions, with more than 330
cloudless nights per year.
68% of global astronomy
infrastructure shall be located
in Chile by 2018, with an
investment of USD 6
billion

8. OTHER NATURAL LABORATORIES
Chile is one of the most
seismically active countries
in the world, making it a
unique location for
development and testing of
seismic engineering.
The Atacama Desert is a
unique location for
development of solar
energy, it has the highest
rate of radiation in the world
and it is the driest desert -
with places where it has not
rained in more than 400
years.
Punta Arenas is the
nearest access port to
Antarctica, placing it as a
logistical and strategic
center for development
of science, tourism and
fishing in the Antarctic.

9. ECONOMIC GROWTH
 We expect the Chilean Economy will grow 4.5% in
2012 and 5.0% in 2013 (rate in 2011, 6.3%)
 Chile aims to be a developed economy in 2018, with
a per capita GDP of US$22,000, under the course of
an average growing rate of 6%.
 Current per capita income (2011): US$17,221 (PPP)
9

10. LATIN AMERICA AND CHILE: GDP per capita
 Thanks to advances in the last 25 years, our GDP per capita
increased from 23% 1980 to 34% in 2011 respect to U.S.A.
 The importance is not only to be in the forefront, but also to realize
that it is easy to lose track.
10
Compared Per Capita Incomes
(GDP per capita PPP, % with respect to USA)

11. MONETARY SITUATION
 Chile´s Central Bank is independent with inflation
target regime.
 The Central Bank has the capacity to make
counter-cyclical policies. The current interest rate is
5.0%.
 Foreign Reserves: US$ 41,97 Bn (dec. 2011)
 We expect the inflation rate will be 3,5%-3,8% in
2013, after reaching 4.4% in 2011.
11

12. Indicators of financial sector development
 Pension funds assets: US$ 134.9 Bn (54% of 2011
GDP)
 Assets Under Management institucional investors:
US$208.5 Bn (84% 2011 GDP)
 Stock market capitalization: US$ 229.9 Bn (92%
2011 GDP)
 The long term interest rates are low: the current
10Y nominal rate is 5.2%
 Banking assets/ GDP: 109%
12

13. FISCAL SITUATION
 In 2011, the fiscal surplus was 1.4% of GDP, while Gross
Fiscal Debt was 11.2% of GDP.
 Net external debt is negative (-US$10,96 Bn at 2011).
 Chile faces favorable conditions in financial markets: both
Credit Default Swaps (5Y at 95 bp) and country risk (150 bp at
March 12) are the lowest within LATAM countries.
 Sovereign wealth Funds are higher than US$20 Bn (including
treasury assets).
 Tax Burden: 21,1% of GDP (less than the OECD average)
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14. SOME GLOBAL CLASSIFICATIONS AND RANKINGS OF CHILE
 Index of Economic Freedom: N°7 (1st
in LATAM)
 Global Innovation Index: N°38 (1st
in LATAM)
 Doing Business 2012: N° 39 (1st
in LATAM)
 Competitiveness Index: N°31 (1st
in LATAM)
 Corruption Perception Index: N° 22 (1st
in LATAM)
 Global FDI Inflows: Nº 19 (3rd
in LATAM)
 Human Development Index: N°44 (1st
in LATAM)
 Income Inequality: N°3, on OECD.
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15. Chile, land of opportunities

16. According to the latest international rankings and reports from
organizations like the OECD, World Bank and The Economist
Intelligence Unit, Chile has been recognized as:
•The most stable and secure country in South America
•A good partner to do business
•A country open to the world that promotes free trade
Ernst & Young placed Chile among the countries with the
fastest growing economy, along with China, India, Russia and
Brazil.
According to the recent 2012 version of the "Doing Business"
ranking, Chile advanced from place 62 to 27 in the index of
business start ups.
LAND OF OPPORTUNITIES

17. Source: Studies based on data of the IDB.
Multilateral Investment Fund, The Economist.
1 Chile
2 Peru
3 Brazil
First place to invest in Latin
America
Santiago, second best city
to do business in Latin
America
1 Miami (USA)
2 Santiago (Chile)
3 Sao Paulo (Brazil)
Urban Competiveness Index
Source: América Economía magazine, 2010.
LAND OF OPPORTUNITIES

18. 2012 Index of Economic Freedom
Source: The Heritage Foundation (http://www.heritage.org/index/)
Chile is one of the
10 countries with a
high percentage of
economic freedom.
LAND OF OPPORTUNITIES
Economies
(7th
among 184 economies )

19. Corruption Perceptions Index 2011
(22nd
among 183 economies )
Source: Transparency International, 2011 (www.transparency.org)
Among the least corrupt
countries in the world with
high levels of
transparency.
LAND OF OPPORTUNITIES

20. Source: www.standardandpoors.com
Chile maintains "A +" by Standard & Poor's
2012
Chile's ratings are supported by the low level of
fiscal debt, political stability and a very flexible
and strong economy.
Projections:
A low level of fiscal debt, along with growing local
financial markets should support the stability and
growth of GDP in Chile, despite the growing
external uncertainty and potentially slow global
growth in coming years.
LAND OF OPPORTUNITIES

21. Investments

22. During the past 25
years Foreign Direct
Investment (FDI)
has played a key
role in Chile´s
economic growth
and development. Maintaining its upward
trend, FDI has helped
to increase Chile’s
competitiveness, not
only through resources
and new markets but
also through
technological
development and
specialized know-how.
A PLACE TO INVEST IN

23. Foreign Direct Investment (FDI) in Chile
2011, US$17.5 Bn
(1998-2011, 6.9% average as % of GDP)
Source: Central Bank of
Chile (www.bcentral.cl)
Successful track record of foreign investment
A PLACE TO INVEST IN

24. Source: Foreign Investment Committee
Foreign Direct Investment in Chile: By sector.
A PLACE TO INVEST IN
Materialized Foreign
Investment D.L. 600
By Sector 1974-2011
USD 82.021 million

25. CHILE – THAILAND FREE TRADE AGREEMENT
 Thailand is the first commercial partner
of Chile in ASEAN, showing the
excellent relationship between our
countries.
 The FTA will allow Chilean products to
enter a 67 million consumer's market
with a high income per capita.
 Chilean products such as, fish, seafood,
beef, pork and chicken meat, cheese,
condensed milk, fresh fruit, paper,
cardboard and fishmeal will enter to the
Thailand market with no tariffs.
 Meanwhile, 90% of all exported
Thailand products will also enter Chile
at 0% tariff.
USDMillions

26.  It is expected that the implementation of this agreement will also
create a platform for Thailand‘s expansion into Latin-America.
 This FTA contributes also to enhance the Chilean business
relations with other Asian countries and ASEAN members (FTA
with Singapore, Brunei, Malaysia, Vietnam, South Korea, China,
Japan) thus bringing new opportunities for trade and to position
Chile in the Asian region.
• The experience shows that FTAs stimulate trade between countries:
 Longstanding friendship and cooperation and growing trade relationship
between Thailand and Chile
 Further liberalizing trade
 Strengthening of their economic partnership will
- bring economic and social benefits
- create new opportunities for employment
- improve the living standards of their people
- create new business opportunities
WHAT TO EXPECT?

27.  Crossing the threshold of development this decade remains an
ambitious goal, but plausible.
 There are circumstances highly favorable external and internal
to this goal and for foreign and domestic investment.
 Sustain the program is to lead to the mountain: requires vision,
will, skill and drive.
 Come on, you can. It’s up to you.
 Take the chance: THE MOMENT IS NOW. Let’s contribute,
together, to enlarge our people’s choices.
27
Conclusions

28.  Crossing the threshold of development this decade remains an
ambitious goal, but plausible.
 There are circumstances highly favorable external and internal
to this goal and for foreign and domestic investment.
 Sustain the program is to lead to the mountain: requires vision,
will, skill and drive.
 Come on, you can. It’s up to you.
 Take the chance: THE MOMENT IS NOW. Let’s contribute,
together, to enlarge our people’s choices.
28
Conclusions