US-Chile Free Trade Agreement

EENI- School of International Business

Sub-subject: The United States-Chile Free Trade Agreement (FTA). Syllabus:

1. Introduction to the Free Trade Agreement (FTA) between the United States and Chile
2. International Trade (Goods and Services) United States-Chile
3. Benefits to the US Agriculture
4. Investment Flows Chile-US
5. Certificate of Origin
6. Intellectual Property Rights

Sample of the sub-subject: The United States-Chile Free Trade Agreement (FTA)

Description of the Sub-Subject: The United States-Chile Free Trade Agreement (FTA)

The Free Trade Agreement (FTA) between the United States and Chile entered into force in 2004. The FTA:

1. Eliminates the tariffs and opens markets
2. Reduces the Barriers to the International Trade in Services
3. Provides protection for the intellectual property rights
4. Guarantees a regulatory transparency and non-discrimination in the global trade of digital products
5. Entrust to the United States and Chile to sustain competition laws that prohibit anticompetitive business conduct
6. The agreement requires a productive labour and environmental enforcement

85% of the foreign trade in consumer and industrial products becomes duty-free instantly upon entry into force of the United States-Chile Free Trade Agreement (FTA).

1. Many export agricultural products received tariff-free access upon the implementation
2. 75% of the United States agriculture products exported to the Republic of Chile was duty-free by 2008, and full agricultural liberalisation will occur by 2016.

Foreign Trade United States-Chile.

1. In the seven years since the United States-Chile Free Trade Agreement (FTA) went into effect, the United States exports to the Republic of augmented by 300% (growing from 2.7 billion in 2003 to 10.9 billion dollars)
2. The main United States exports to the Republic of Chile: machinery, mineral fuel, Petrol, vehicles, electrical machinery, and plastic
3. The United States exports of services to the Republic of Chile: 2 billion dollars
4. The International Trade between the United States and the Republic of Chile reached 18 billion dollars, an over 150% increase over the international trade levels before the United States-Chile Free Trade Agreement took effect
5. The United States exports to Chile reached 10.9 billion dollars while imports from Chile reached 7 billion dollars
6. Chile was the 24th biggest products export market of the United States
7. Chile was the 38th largest supplier of imported goods of the United States
8. The US remains the single largest foreign investor in Chile (24% of all net foreign direct investment (FDI), from 1974 to 2010)

The Free Trade Agreement (FTA) between Chile and the US belongs to the Latin American and the North American economic area of the Western Christian Civilisation.