Chile-South Korea Free Trade Agreement

EENI- School of International Business

Sub-subject: The Free Trade Agreement (FTA) between Chile and South Korea. Syllabus:

1. Introduction to the Free Trade Agreement (FTA) between the Republic of Korea and the Republic of Chile.
2. Certificate of Origin.
3. Regional Value Content.
4. International Trade Chile-South Korea.

Sample of the sub-subject: Chile-South Korea Free Trade Agreement (FTA)

Sub-Subject Description: Chile-South Korea Free Trade Agreement

The Chile-South Korea Free Trade Agreement (FTA) entered into force in 2004.

The main objective of the Chile-South Korea Free Trade Agreement is to set up a free-trade area.

The objectives of the Chile-South Korea Free Trade Agreement (FTA) are to:

1. Promote growth and diversification of reciprocal trade between Chile and Korea
2. Eliminate barriers to foreign trade, and facilitate the cross-border movement of products and services between Chile and South Korea
3. Promote conditions of fair competition in the free-trade area
4. Increase foreign direct investment (FDI) opportunities between Chile and Korea
5. Provide adequate and efficient protection and enforcement of intellectual property rights (IPR) in Chile and Korea

The main topics covered in the Chile-Korea Free Trade Agreement (FTA).

1. Market Access for Goods
2. Tariff elimination
3. Rules and certificate of origin
4. Customs Procedures
5. Safeguard Measures
6. Anti-dumping
7. Sanitary and Phytosanitary Measures
8. Foreign Direct Investment (FDI)
9. Cross-Border Trade in Services
10. Restrictions
11. Telecommunications
12. Temporary Entry of Businessman
13. Competition
14. Government Procurement
15. Intellectual Property Rights (IPR)
16. Transparency

International Trade Chile-South Korea.

1. Exports of South Korea to the Republic of Chile grew from USD 541 million in 2003 up to USD 3.1 billion.
2. Top export products from South Korea to the Republic of Chile are cars, small lorries, petrol products, cellular phones, TV sets, computers, washing machines, air conditionings, construction machinery, and polyester fibres.
3. Korea has augmented its exports to Chile at a 57% yearly (base from 2004). South Korea is the fifth import partner of the Republic of Chile.

Foreign trade Korea-Chile:

1. Exports: USD 2.95 billion
2. Imports: USD 4.22 billion
3. Foreign Direct Investment (FDI): USD 170 million

The Free Trade Agreement (FTA) between Chile and South Korea is an inter - civilisational agreement between the Latin American Economic Area of the Western Christian Civilisation and the Sinic-Buddhist Civilisation.

Chile's Free Trade Agreements (FTA).