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7. TRADE IN SERVICES I. Analysis on Current Situation and Potential Benefits -- II. General Recommendations and Specific Concerns I. Analysis on Current Situation and Potential Benefits From
TABLE 8,
it is possible to conclude that tourism, financial services, and insurance
compose most of Chile’s export in services.[1]
With respect to the FTA with Korea, the most beneficial Chilean industry in
services is likely to be tourism. The
tourism industry accounts for 4% of GDP, and is the fifth most important sector
in the Chilean economy. SERNATUR, the National Tourism Service, estimated that
1.8 million tourists visited Chile in 1998, bringing with them more than US$ 1.2
billion, which is an increase of 20% from 1997. The reversed seasons of the
Northern and Southern Hemispheres are a boon to the tourism industry, allowing
international visitors from the Northern Hemisphere to enjoy a day at the beach
in January or to go skiing in the Andes Mountains in August. Although the peak
tourism season runs from October to March, the industry has worked to expand its
services and tour packages to provide year-round opportunities. Korean
people are rapidly growing more insensitive to the traditional nationalistic
mentality[2]
(See TABLE
9 for tourism). The younger generation are the main consumers of
those services because of studies or honeymoons. Chile should try to attract
this demand into the country. There are other reasons, too.
[1] Chile has gone through a radical economic reform during the last twenty years. There were important changes introduced in the normative and legal regime of the service sectors. Its result is the transformation in the structure of the economy, and increased dynamism of the productive sectors, and a closer integration into the world economy. [2] To stay in the country and avoid to travel abroad. Back to Top |
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