Free Trade Agreement (FTA) Chile - Australia

Australia - Free Trade Agreements (FTAs) - Chile - Free Trade Agreements (FTAs)

Course summary Free Trade Agreement (FTA) Chile - Australia

The Australia - Chile Free Trade Agreement (FTA) entered into force on 6 March 2009. The FTA covers trade in goods, services and investment.

The Australia - Chile FTA eliminates immediately Chile's tariffs on almost 92 per cent of tariff lines covering 97 per cent of goods currently traded. This includes Australian coal, meat, wine and key dairy exports and all other industrial goods of interest to Australia. Tariffs on all existing merchandise trade – in both directions – will be eliminated by 2015.

Chile is Australia's third largest trading partner in Latin America, with two-way trade totalling $1.275 billion in 2008-09. Total merchandise trade reached $883 million in 2008-09 (up 14.2 per cent from 2007-08).

Major Australian exports to Chile include coal ($136 million in 2008-09), beef, civil engineering equipment, and specialised machinery and parts. Australia's imports from Chile totalled $552 million in 2008-09 and included copper ($295 million), lead ores and concentrates, pulp and waste paper and wood.

Two-way trade in services in 2008-09 totalled $413 million, of which Australian exports of services to Chile were $170 million.

Australia is the 4th-largest foreign investor in Chile, with around US$3 billion of direct investment. Australia's investment in Chile, 2010: 2,136 A$m

Example of the course: Free Trade Agreement (FTA) Chile - Australia:

Structure of the Australia - Chile Free Trade Agreement (FTA)

Preamble

1. Initial Provisions

2. General Definitions
- Annex 2-A – Country-Specific Definitions

3. National Treatment and Market Access for Goods
- Annex 3-A – Exceptions to Elimination of Import and Export Restrictions
- Annex 3-B – Elimination of Customs Duties: Section 1 – Schedule of Australia
- Annex 3-B – Elimination of Customs Duties: Section 2 – Schedule of Chile

4. Rules of Origin
- Annex 4-A – Minimum Requirements for a Certificate of Origin
- Annex 4-B – Example of a Certificate of Origin
- Annex 4-C – Rules of Origin Schedule

5. Customs Administration

6. Sanitary and Phytosanitary Measures

7. Technical Regulations, Standards and Conformity Assessment Procedures

8. Trade Remedies

9. Cross-Border Trade in Services
- Annex 9-A – Professional Services

10. Investment
- Annex 10-A – Customary International Law
- Annex 10-B – Expropriation
- Annex 10-C – Transfers
- Annex 10-D – DL 600
- Annex 10-E – Termination of the Bilateral Investment Agreement
- Annex 10-F – Service of Documents on a Party under Section B

11. Telecommunications

12. Financial Services
- Annex 12-A – Cross-Border Trade
- Annex 12-B – Annex on Specific Commitments
- Annex 12-C – Authorities Responsible for Financial Services


13. Temporary Entry for Business Persons
- Annex 13-A – Temporary Entry for Business Persons

14. Competition Policy

15. Government Procurement
- Annex 15-A

16. Electronic Commerce

17. Intellectual Property

18. Cooperation

19. Transparency
- Annex 19-A – Contact Points

20. Institutional Arrangements

21. Dispute Settlement

22. General Provisions and Exceptions

23. Final Provisions

Non-Conforming Measures
- Annex I – Cross-Border Trade in Services and Investment
- Annex II – Cross-Border Trade in Services and Investment
- Annex III – Financial Services

Side Letters
- Side Letter on Beef Grading
- Side Letter on Rules of Origin Certification
- Side Letter on Education Services (applies also to Investment Chapter)
- Side Letter on Wine

Example of the course: Free Trade Agreement (FTA) Chile - Australia (Spanish):

 Educational level: Continuing education / Executive education programs.