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

Trade picture

• The EU is Chile's third-largest trade partner, comprising 12% of Chile's total trade in 2020.
• The EU is Chile's third-largest import supplier and Chile's third-largest export market, after China and the US.
• In 2020 EU imports from Chile were vegetable products (25%), mineral products (21%), and base metals (19%).
• EU exports to Chile in 2020 were machinery (35%), chemical products (18%) and transport equipment (12%).

The EU and Chile

The current trade part of the EU-Chile Association Agreement:

• removes tariffs
• removes trade barriers
• guarantees protection for European intellectual property in Chile

The Agreement has a trade coordinator meeting and special trade related sub-committees which meet yearly to review the use of the Agreement and other trade-related issues.

Modernising the trade part of the EU-Chile Association Agreement

The EU and Chile concluded negotiations to modernise the existing EU-Chile Association Agreement on 9 December 2022, ensuring that the agreement continues to address all areas of the relevant trade and investment relationship between the EU and Chile.

• Negotiating directives adopted by the Council in November 2017, explaining the scope of these negotiations.
• Draft negotiating mandate, May 2017
• EU initial textual proposals for these negotiations & round reports
• Sustainability Impact Assessments in support of negotiations for the modernisation of the trade part of the Association Agreement with Chile

Trading with Chile

• Importing into the EU from Chile
  • EU trade defence measures on imports from Chile
• Exporting from the EU to Chile
  • Trade defence measures in force in Chile
• Trade relations are part of the EU's overall political and economic relations with Chile
• Chile is a member of the World Trade Organization