... 2002 FDI amounted to 61.8 billion U.S. $ with 53 billion of this coming in after 1990 and the money attracted now accounts for 8% of Chile's GDP1 and the governments realisation of this is reflected by national law that is attractive to the foreign investors who's companies can engage in a contract with the government that benefits both parties. Following the military coup by General Augusto Pinochet in 1973, 1974 saw the passing of the foreign investment statute which meant that foreign investors could sign a legally binding contract with the state for their investment in an individual project. This meant they were obliged to spend the amount they stipulated and in turn they received special benefits such as taxation relief and guarantees of market conditions as well as pre - trained employees. Chile also has legal procedures in place which ensure that foreign investors receive the same treatment as ...

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