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EU trade relations with Chile. Facts, figures and latest developments.

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  • Chile
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The EU’s bilateral trade relations with Chile are governed by the EU-Chile Association Agreement

The existing EU-Chile Association Agreement is currently being modernised through two parallel legal instruments: the Advanced Framework Agreement, and an Interim Trade Agreement. Both legal instruments were signed on 13 December 2023.

The EU and Chile first concluded their Association Agreement in 2002. That agreement includes comprehensive rules covering EU-Chile trade relations that entered into force in February 2003 (see Part IV of the Association Agreement).

Trade picture

  • The EU is Chile's third-largest trade partner, comprising some 10% of Chile's total trade in 2023.
  • The EU is Chile's third-largest import supplier and Chile's third-largest export market, after China and the United States.
  • In 2023, the EU's main imports from Chile were vegetable products (39%), mineral products (20%), and base metals (21%).
  • The EU's main exports to Chile in 2023 were machinery (27%), chemical products (18%) and transport equipment (17%).

The EU and Chile

The EU and Chile signed new legal instruments that modernise the EU-Chile Association Agreement on 13 December 2023. 

The modernisation, which deepens the trade and investment relationship between the EU and Chile, is delivered by means of two parallel legal instruments: the Advanced Framework Agreement, and an Interim Trade Agreement. 

The modernised EU-Chile Advanced Framework Agreement removes most remaining trade tariffs on goods, facilitates increased trade in services, and makes it easier for small companies to do business between the EU and Chile. 

For more information: 

Trading with Chile

Exporters' stories

Pascal Guasp

The 2003 EU-Chile trade deal cut import taxes and other trade barriers. This enabled French water treatment firm, Eau Pure, to enter the Chilean market, doubling turnover in two years. The workforce has also grown from 10 to 20 employees.

Latest news

  • News announcement

As part of its transparency commitment, the European Commission today published the report summarising progress made during the seventh round of negotiations for the modernisation of the Trade part of the EU-Chile Association Agreement took place from 25 to 29 May.

  • 1 min read