Trade Agreement With Chile

If you have any questions or comments on this free trade agreement or on environmental and labour cooperation agreements, we would like to hear from you. Please contact World Affairs Canada at: Chile has signed more or less comprehensive free trade agreements with the United States, Canada, the European Union, EFTA, South Korea, Japan, Central America and Mexico. In June 2005, it reached a four-lane agreement with its Pacific neighbours Brunei, New Zealand and Singapore (P-4). In June 2006, it signed a free trade agreement with Panama. In February 2010, it signed a contract with Guatemala. The EU and Chile are negotiating the modernisation of the trade component of the existing EU-Chile Association Agreement so that it can continue to address all areas of EU-Chile trade and investment relations. Chile is one of the most active Latin American countries in the field of bilateral trade agreements. The ASA has been the subject of regular dialogue with all relevant stakeholders in civil society. The ASA was published at the same time as a position paper from the Commission`s services.

The free trade agreement includes a meeting of the trade coordinator and trade subcommittees that meet annually to verify the use of the free trade agreement and other issues related to the free trade agreement. The U.S.-Chile Free Trade Agreement came into force on January 1, 2004. The U.S.-Chile Free Trade Agreement eliminates tariffs and opens markets, reduces barriers to trade in services, protects intellectual property, ensures regulatory transparency, ensures non-discrimination in digital trade, requires parties to maintain competition laws that prohibit anti-competitive business practices, and requires effective labour and environmental enforcement. As of January 1, 2015, all goods from the United States will arrive in Chile duty-free. On February 5, 2019, the modernized Canada-Chile Free Trade Agreement (CCFTA) came into force, which supports an open, inclusive and rules-based trading environment. The CCFTA is the cornerstone of Canada`s strong trade and investment relationship with Chile. Since its launch in 1997, the CCFTA has brought benefits to both countries. Bilateral merchandise trade has almost quadrupled since the Canada-Chile Free Trade Agreement came into force, reaching $2.9 billion in 2017. At the end of 2017, the share of Canadian investment in Chile was $17.1 billion, making Chile the leading target for direct investment in South and Central America. In 2017, Canada and Chile signed amendment agreements to modernize the CCFTA and support an open, inclusive and rules-based trading environment.

Chile also has “complementary economic” bilateral agreements with Bolivia, Peru, Venezuela, Argentina, Ecuador, Colombia and Mercosur, as well as a partial agreement with Cuba. Chile`s free trade agreement with Turkey came into force in March 2011 and a free trade agreement with Malaysia came into force in April 2012. Negotiations with Thailand, Vietnam, India and Hong Kong are not yet complete. Chile is the first Latin American country to have sealed a free trade agreement with China (2005) and to work with Beijing since early 2007 to extend the agreement to services and investment. Other agreements in this regard were reached during President Bachelet`s visit to China in April 2008. The service contract came into effect in August 2010. In 2008, Chile signed free trade agreements with Australia, Honduras and Colombia, while expanding its agreements with Peru and Cuba.