The United States-Chile Free trade agreement entered into force in 2004.
The United States - Chile Free trade agreement
- eliminates tariffs and opens markets
- reduces barriers for International trade in services
- provides protection for intellectual
property rights (IPR)
- guarantees regulatory transparency and nondiscrimination in the
global trade of digital products
- entrust to United States and Chile to sustain competition laws that
prohibit anticompetitive business conduct
- requires efficient labor and
Foreign trade United States-Chile
85% of foreign trade in consumer and industrial products
becomes duty-free instantly upon entry into force of the United States
- Chile Free trade agreement.
Many agricultural export products received tariff free access upon
implementation. 75% of United States agriculture products exported to
the Republic of Chile were
duty free by 2008 and full agricultural liberalization will occur by 2016.
In the 7 years since the United States - Chile Free trade agreement went into effect, United States exports to the Republic of augmented by 300% (growing from 2.7 billion in 2003
to 10.9 billion USD in 2010).
Main United States exports to the Republic of Chile (2010) :
machinery, mineral fuel, oil, vehicles, electrical machinery, and plastic. United States
exports of services to the Republic of Chile: 2
billion USD (2009).
In 2010, International trade between the United States and the Republic
of Chile reached
18 billion USD, an over 150% increase over International trade levels before the
United States - Chile Free trade agreement took effect. United States exports to Chile in 2010 reached
billion USD while imports from Chile reached 7 billion USD.
- Chile was the 24th biggest products export
market of the United States in 2010.
- Chile was the 38th biggest supplier of products imports of the United States in 2010
Example of the course United States - Chile Free trade agreement:
Master in International business for US Students
United States Free trade agreements
The United States remains the single biggest foreign direct investor (FDI) in Chile
(24% of all net Foreign direct investment , from 1974 to 2010)
Source: The Office of the US Trade Representative (USTR)