Upgraded Free Trade Agreement between China and Chile now in force
The Government of the Republic of Chile and the Government of the People's Republic of China have amended the Free Trade Agreement (FTA) between the two countries as well as the Supplementary Agreement on Trade in Services of the FTA. The upgraded agreement came into force on 1 March 2019.
The Chinese Ministry of Commerce (MOFCOM) reports that Chile will remove tariffs on textiles, home appliances and sugar products, while China will remove some tariffs on wood products within three years. Furthermore, under the upgraded China-Chile FTA zero-tariff products from both sides will reach 98%.
A news release (in Spanish) from the Chilean Dirección General de Relaciones Económicas Internacionales states that in the updated Chile-China FTA numerous chapters have been modernized, including chapters on Rules of Origin, Economic and Technical Cooperation, and Trade in Goods. Additionally, two new chapters have been added: Environment and Electronic Commerce.
To read more about the amended FTA between Chile and China please follow the links below:
MOFCOM: China-Chile FTA Upgrade
Dirección General de Relaciones Económicas Internacionales (in Spanish): FTA Chile-China