Sub-subject: Economic Complementation Agreement between Chile and the MERCOSUR. Syllabus:
- Introduction to the Chile-MERCOSUR Economic Complementation Agreement (ACE N° 35).
- International Trade between Chile and countries of the MERCOSUR.
- Investment Flows between Chile and the MERCOSUR States.
- Certificate of origin of the agreement
Sample of the sub-subject: Chile-MERCOSUR Agreement
Sub-Subject Description: Chile-MERCOSUR Economic Complementation Agreement
The Economic Complementary Agreement (ECA Nº35) Chile-MERCOSUR (Southern Common Market) entered into force in 1996.
The Economic Complementation Agreement establishes Chile as associate member of the MERCOSUR
The main objectives of the Chile-MERCOSUR (Argentina, Brazil, Paraguay, Uruguay, and Venezuela) Economic Complementation Agreement are:
- To create an open economic niche that tends to facilitate the free movement of export products and services as well as a full employment of productive factors
- The creation of a free trade zone between Chile and the MERCOSUR in a ten year period
- international promotion of the development and use of the physical structure
- The promotion of mutual
foreign direct investment (FDI) and
- To promote the economic, energetic, scientific, and technological complementation and cooperation.
The Chile-MERCOSUR Agreement covers
- Foreign trade in services
- Foreign Direct Investment (FDI)
- Trade regimes
- Defence Customer
- Physical integration.
International Trade Chile-MERCOSUR
- The MERCOSUR is the third largest trade partner of Chile, after the United States and the European Union.
- The MERCOSUR ranks as the fifth-biggest market for
exports of the Republic of Chile.
The Free Trade Agreement (FTA) between the MERCOSUR and Chile belongs to the Latin American Economic Area of the Western Christian Civilisation.
MERCOSUR Free Trade Agreements (FTA) - Chile's Agreements - South America