Chile FTA

01/10/2013

Washington, D.C. - On Wednesday, January 20, 2010, representatives of the United States and the Government of Chile convened the fifth meeting of the Environmental Affairs Council (EAC) of the U.S.-Chile Free Trade Agreement (FTA). Mark Linscott, Assistant U.S. Trade Representative for Environment and Natural Resources, co-chaired with Daniel Reifsnyder, Deputy Assistant Secretary of State for Environment and Sustainable Development, the EAC meeting for the United States. The U.S.

Advisory Group Reports on Chile FTA

Preamble

• Chile Text
• United States Text

1. Initial Provisions

After thirteen years of bilateral conversations and two of
negotiations, the U.S. – Chile Free Trade Agreement entered into force on January 1, 2004. On that date,
tariffs on 90% of U.S. exports to Chile and 95% of Chilean exports to the United States were eliminated.
Chile is currently ranked as the 36th largest export market for the United States.

U.S. Exports to Chile

· The Chile and Singapore Free Trade Agreements contain provisions
allowing the temporary entry of business professionals into the other party, to
facilitate trade in services.

Highlights of the U.S.-Chile Free Trade Agreement

New Opportunities for U.S. Workers and
Manufacturers: More than 85% of two-way trade
in consumer and industrial products becomes tariff-free immediately,
with most remaining tariffs eliminated within four years. Key U.S. export sectors benefit,
such as agricultural and construction equipment, autos and auto parts, computers and other
information technology products, medical equipment, and paper products. Luxury tax on
U.S. automobiles phased out.