The United States-Chile Free Trade Agreement entered into force on January 1, 2004. The U.S.-Chile Free Trade Agreement eliminates tariffs and opens markets, removes barriers to trade in services, ensures intellectual property protection, ensures regulatory transparency, ensures non-discrimination in trade in digital products, requires parties to comply with competition laws prohibiting anti-competitive business conduct, and requires effective enforcement of labor. and environmental regulations. As of January 1, 2015, all goods from the United States will enter Chile duty-free. Since the 1990s, Chile has been in the process of internationalizing its economy. The signing of the Free Trade Agreement with Canada in 1997 and an Economic Partnership Agreement with Mercosur in 1996 established Chile`s expansion efforts. In 2008, Chile signed free trade agreements with Australia, Honduras and Colombia, while expanding its agreements with Peru and Cuba. Since the announcement of its withdrawal from the EU, the UK has been seeking a new deal with a number of other countries. For this reason, Chile and the United Kingdom agreed on a new trade agreement in January 2019. This agreement will use the terms Chile has with the EU to continue the already strong agreement between Chile and the UK.

The two countries have excellent trade relations with major trade exchanges, especially in wines and gas turbines. Chile imported $791 million from the United Kingdom and exported $771 million in 2018. With trade between the two trading powers growing by nearly 9% per year, it is difficult to see an imminent deterioration in relations. The EU and Chile are currently negotiating the modernisation of the trade part of the existing EU-Chile Association Agreement so that it can continue to cover all areas of relevant trade and investment relations between the EU and Chile. As a founding member of the Pacific Alliance trade bloc, Chile has used the agreement to expand its trade relations with key players in the region, each with a coastline with the Pacific. The objective of this agreement is better cooperation, integration between its member countries in order to develop the economy of each of its members. The other members of this agreement are Colombia, Peru and Mexico. This agreement creates a healthier and more competitive business environment for companies in member countries. Chile is one of the Latin American countries most actively seeking bilateral trade agreements, which are of great importance to the Chilean economy as they facilitate trade between Chilean companies and this prosperous region of Latin America. In the region, Chile has also concluded a free trade agreement with Panama, which entered into force in 2008. The agreement provides for several areas for improving relations between the two countries.

In particular, the agreement has created a healthier environment for trade in goods and services. But it also plans to improve competitiveness by improving, among other things, intellectual property protection, sustainability and occupational health and safety. This agreement allowed Chile to import $66.7 million from Panama in 2017 and export about $228 million. The EU and Chile concluded an Association Agreement in 2002 including a Comprehensive Free Trade Agreement (FTA), which entered into force in February 2003 and covers trade relations between the EU and Chile. Chile is the first Latin American country to conclude a free trade agreement with China (2005) and has been working with Beijing since early 2007 to extend the agreement to services and investment. Further agreements were reached during President Bachelet`s visit to China in April 2008. The Services Agreement entered into force in August 2010. A free trade agreement has existed between Mexico and Chile since 1999. This agreement covers a wide range of sectors and markets. Chile and Mexico share a similar economic vision. Both countries are open to international markets and both are integrated into other economic alliances. The agreement has increased trade between the two countries by 193 percent since 1999 and helped Chile become Mexico`s third-largest trading partner and second-largest supplier of goods.

The World Trade Organization (WTO) is the largest trade organization in the world. Chile has been a member of the WTO since its creation in January 1995. The organization regulates the main rules of trade between countries. These agreements, ratified by the WTO, have been transposed into Chilean domestic law. Chile is one of the 70 largest trading economies in the world. On November 21, 2016, Chile signed the Trade Facilitation Agreement (TFA), which entered into force on February 22, 2017, which proves to all global players that the country is open and needs international trade. The TFA is an agreement that aims to reduce and simplify trade by reviewing administrative formalities. Historically, Chile has always been a strong trading partner. With its long coastline and variety of ports, Chile is perfect for maritime trade. More recently, however, the country has built an economy known to be favorable to foreign companies, especially through its business-friendly regulatory system.

The combination of business expertise and a strong business environment has enabled his government to build strong relationships with other countries around the world, thereby developing international trade. Chile is considered a leader in South America in terms of competitiveness, digital technology and expertise in maritime trade and has a global vision of trade. Before starting a business in Chile, it is worth checking the favorable agreements that Chile has been able to sign over the years. This network of trade agreements has significantly improved market access for Chilean products and exports. In 2019, Chile sent 27.5% of its exports to China, 14.5% to the United States and 9.3% to Japan. The Chilean Deputy Ministry of International Economic Relations has more information on Chilean trade agreements. The Free Trade Agreement between Chile and Australia, which entered into force in March 2009, aims to strengthen trade relations between the two countries and make Chile the gateway for Australian products to Latin America. Since the beginning of 2015, all tariffs except sugar have been eliminated.

This agreement has significantly advanced the development of the 200 Australian companies operating in Chile. In addition, many of these companies later expanded to other Latin American countries. Since its entry into force in 2003, the Free Trade Agreement between Europe and Chile has brought many benefits to businesses in both regions. In particular, this agreement: The Free Trade Agreement (FTA) between the United States and Chile entered into force in 2004 and as of January 1, 2015, all eligible products are duty-free. In order to benefit from duty-free treatment under the FTA, products must comply with the applicable rules of origin. The free trade agreement also provides favourable access for U.S. service providers. It guarantees the protection of U.S. investors and U.S. copyrights, trademarks and patents registered in Chile. In addition, Chile has opened up important government procurement contracts to U.S.

bidders. In 1998, Chile signed an agreement to create several bilateral free trade agreements with various Central American countries, including Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. Tags: | Business Chile | | ptpGP | Free Trade Agreement | | | Chile continues to be an important partner in promoting the United States. . . .