Chile, officially the Republic of Chile (República de Chile), is a South American country occupying a long, narrow strip of land between the Andes to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far south.
Copper mining makes up 20% of Chilean GDP and 60% of exports. Escondida is the largest copper mine in the world, producing over 5% of global supplies. Overall, the nation produces a third of the world’s copper.
The country’s approach to foreign direct investment is codified in the country’s Foreign Investment Law. Registration is reported to be simple and transparent, and foreign investors are guaranteed access to the official foreign exchange market to repatriate their profits and capital. The Chilean Government has formed a Council on Innovation and Competition, hoping to bring in additional FDI to new parts of the economy.