Report: Chile has the best trade conditions in Latin America

GENEVA.- According to a report released today by the World Economic Forum, Chile is the Latin American country most favorable for trade.  The report indicates that Costa Rica is the nation that follows closest in Chile’s steps.

Free trade and improvements in business conditions are considered the most crucial factors contributing to economic success in Chile, which is ranked 27th in 2008 Global Enabling Trade Report, which is elaborated using a database that includes statistics from 118 countries.

The report indicates that the Chilean customs administration is “efficiently organized and corruption within the agencies linked to these activities is under control”, although it also points out problems related to market access, as well as transport and telecommunication infrastructure.

Experts at the World Economic Forum believe that the infrastructure needs to be improved, particularly concerning highway systems and services.