Chile is a promising market for a wide range of U.S. goods and services, and the new Chile-U.S. Free Trade Agreement (FTA) will offer American companies even greater access to this growing market. The symbolic importance of the Chile-U.S. FTA far outweighs the economic size of Chile. This agreement establishes the first FTA negotiated in Latin America since the North American Free Trade Agreement (NAFTA) in 1993. The approval of the FTA emphasizes the U.S. commitment to free trade in the region and sets the stage for future FTAA negotiations covering the Western Hemisphere.
The U.S. Chile Free Trade Agreement entered into force on January 1, 2004. At that time, more than 85% of two-way trade in consumer and industrial goods became duty free. Duties on other products will gradually be phased out over a 12-year period.
For more information on the agreement click on the links below.
U.S. Commercial Service Chile FTA site
Trade Information Center U.S.-Chile FTA site
U.S. Trade Representative Chile FTA site
Foreign Agricultural Service Chile FTA site