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- Negotiations and agreementsTrade policy
The EU and Chile concluded an Association Agreement in 2002, which includes a comprehensive Free Trade Agreement that entered into force in February 2003 covering EU-Chile trade relations.
- 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 EU-Chile Free Trade Agreement (FTA):
- removes tariffs
- removes trade barriers
- guarantees protection for European intellectual property in Chile
The FTA has a trade coordinator meeting and special trade related sub-committees which meet yearly to review the use of the FTA and other FTA-related issues.
Modernising the trade part of the EU-Chile Association Agreement
The EU and Chile are negotiating to modernise the trade part of the existing EU-Chile Association Agreement, so it can continue 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 modernization of the trade part of the Association Agreement with Chile
Trading with Chile
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.