Chile and the United States continue to share foreign policy goals throughout the region. In January 2010, Chile became the 31st member of the Organization for Economic Cooperation and Development (OECD) and the first, and only, South American member at that time. Chile is also a member of the World Trade Organization (WTO) and the Cairns Group. The U.S.-Chile Free Trade Agreement entered into force on January 1, 2004, and was fully implemented when 100 percent of bilateral trade became tariff-free on January 1, 2015. The two nations celebrated the 20th anniversary of FTA in 2024.
Chile has negotiated 35 trade agreements, encompassing 64 economies and representing nearly 86 percent of the world’s GDP. These agreements include 22 Free Trade Agreements (FTAs), six Economic Association Agreements, five Economic Cooperation Agreements, a Commercial Protocol with the Pacific Alliance (Colombia, Peru and Mexico), and a Partial Association Agreement with India. Chile and India’s trade relations are governed by a preferential trade agreement, which reduces trade barriers but is less universal than an FTA. As of May 2025, Chile and India were engaged in negotiations on a new Comprehensive Economic Partnership Agreement.
Other notable trade agreements include the multilateral Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which entered into force for Chile on February 21, 2023, and includes Australia, Brunei, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom, and Vietnam. The country’s most recent FTA was made between the Pacific Alliance and Singapore, which officially came into effect on May 3, 2025.After recent negotiations with the European Union, Chile upgraded its existing economic association agreement to an advanced framework agreement, which included an interim trade agreement that was signed in 2023 and came into force in February of 2025.
This network of trade agreements has significantly improved market access for Chilean products and exports. According to the UN Comtrade Database, Chile’s total exports in 2024 increased by over four percent from 2023, reaching a total of $99 billion. Nearly 98 percent of Chile’s international trade was with countries with which Chile maintains trade agreements, according to the Vice Ministry for International Economic Relations (SUBREI). Per SUBREI, Chile’s main export markets in 2024 were China ($37.6B) the United States ($15.6B), the European Union ($8.8B), Japan ($8.2B), and Mercosur ($6.7B).
Free Trade Agreements
- Argentina
- Australia
- Brazil
- Canada
- China
- Colombia
- Hong Kong
- Malaysia
- Mexico
- Panama
- Paraguay
- Peru
- South Korea
- Thailand
- Turkey
- United States
- Uruguay
- Vietnam
- Central America – Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
- European Free Trade Association – Iceland, Liechtenstein, Norway, and Switzerland
- Pacific Alliance – Singapore Free Trade Agreement (PASFTA) – Colombia, Mexico, Peru, and Singapore
Economic Association Agreements
- European Union
- Indonesia
- Japan
- United Kingdom
- Digital Economy Partnership Agreement (DEPA) – New Zealand, Singapore, South Korea (Costa Rica invited to join in January 2025)
- Trans-Pacific Strategic Economic Partnership (P-4) – New Zealand, Singapore, Brunei Darussalam
Economic Cooperation Agreements
- Bolivia
- Cuba
- Ecuador
- Venezuela
- Mercosur – Argentina, Brazil, Paraguay, and Venezuela
Preferential Trade Agreements (PTAs)
- India
For information on FTA partner countries, including how to take advantage of an FTA, please reference the FTA Help Center.