The United States-Chile Free Trade Agreement (FTA) entered into force on January 1, 2004. Under the FTA, the Parties eliminated tariffs on 87 percent of bilateral trade immediately and will establish duty free trade in all products within a maximum of 12 years.
Chile has one of the most open trade regimes in the world. The uniform applied tariff rate for virtually all goods is 6 percent.
There are several exceptions to the uniform tariff. For example, higher effective tariffs will remain for wheat, wheat flour, and sugar during the 12 year transition period under the FTA due to the application of an import price band system.
The U.S.-Chile FTA Opportunity Report summarizes the key market access outcomes of the agreement (covering industrial goods, textiles, services and government procurement). This information is meshed with insight from ITA’s industry specialists and the results Manufacturing and Services’ best prospects analysis.