Trade Agreements With Chile

The agreement establishes a high level of intellectual property rights protection (Article 46), covering areas such as patents, trademarks and copyrights, and, in some areas, goes beyond what is provided for in the WTO agreement on trade-related intellectual property rights (TRIPS) and other international agreements and contracts. For eFTA-Chile trade statistics, see AELE Trade Statistic Tool The Chapter on Trade in Services (Articles 22-31) covers trade in services, including a separate appendix on telecommunications services (Annex IX). The agreement applies to the four types of supply (delivery) of a service within the meaning of the GATS. The agreement is aimed at all service sectors. However, it was agreed that, in the case of financial services, the possible coverage and scope of liberalization would be reviewed two years after the agreement came into force. As in the GATS, the positive lists of specific commitments of each party are an integral part of the agreement. These lists are reviewed every three years, or more frequently, to reduce or eliminate the bulk of discrimination between parties for trade in services under this section on services. In 2008, Chile signed free trade agreements with Australia, Honduras and Colombia, while expanding its agreements with Peru and Cuba. The EU and Chile concluded an Association Agreement in 2002 containing a Comprehensive Free Trade Agreement (FTA) which came into force in February 2003 and covers EU-Chile trade relations.

Chile is one of the most active Latin American countries in the field of bilateral trade agreements. The ASA has been the subject of regular dialogue with all relevant stakeholders in civil society. The ASA was published at the same time as a position paper from the Commission`s services. Chile is the first Latin American country to have sealed a free trade agreement with China (2005) and to work with Beijing since early 2007 to extend the agreement to services and investment. Other agreements in this regard were reached during President Bachelet`s visit to China in April 2008. The service contract came into effect in August 2010. The U.S.-Chile Free Trade Agreement (FTA) came into force in 2004 and all qualified products are duty-free as of January 1, 2015. To be treated duty-free under free trade agreements, products must comply with applicable rules of origin.