Chile relies heavily on its exports to fuel its economy. To help international trade of both Chile’s exports and imports arriving in the country, Chile has signed several free trade agreements over the years.
Chile’s Free Trade Agreement Partners
Chile has signed free trade agreements with the following countries and blocs:
Republic of Korea (South Korea) (2004)
European Free Trade Association (2004)
United States of America (2003)
European Union (2002)
Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua (2002)
In addition to these countries, Chile is expanding its free trade agreements with other trade partners throughout the world.
Benefits of Free Trade Agreements
Chile’s free trade agreements with these countries open the doors of commerce around the world. This gives Chile growth opportunities and helps continued development of its economy.
The direct impact of the free trade agreement on you, if you live in one of these countries, is probably the availability of more products from Chile at a cheaper price than was available previously. You will probably see Chile’s fruit and agricultural products or benefit from Chile’s copper exports.