Executive Summary: Chile is formed of a long strip of land running down the western coast of the southern half of South America for a length of 6,400km. It has a diverse range of climates and landscapes, from scorching desert in the north to cool and damp regions in the south. The fertile central valley is conducive to agriculture, particularly wine making. The population of 17.2m has Spanish as its official language. Chile has a market-oriented economy characterized by a high level of foreign trade. The country currently has 22 free trade agreements covering 60 countries, including the United States, the EU, China and India. It is also taking part in talks for an expanded Trans-Pacific Partnership trade agreement. Exports account for approximately one-third of GDP, with commodities making up some three-quarters of total exports. Growth averaged almost 5% per year from 2003 to 2012. Concessionary tax regimes are available to certain primary industries, while fiscal privileges are granted in Chile’s free zones.