Nº 6 advantage
A country integrated to the world
Chile has consolidated its position as an active international partner.
Wednesday, July 29, 2009
Chile’s open economy, combined with an active policy of bilateral, regional and multilateral trade agreements, has underpinned a sustained increase in foreign trade in goods and services and in the country’s international competitiveness, consolidating its position as an active international partner.
Chile’s 22 trade agreements, covering a total of 59 countries, have expanded its domestic market of 16.8 million inhabitants to one of over 4,302 million potential consumers around the world (representing 85.7% of global GDP and 62% of the world’s population). At present, 93% of Chile’s exports take place under the preferential terms of these trade agreements, which include:
Free Trade Agreements: Australia, Canada, Central America, China, Colombia, EFTA ( Norway, Switzerland, Iceland and Liechtenstein), Malaysia, Mexico, Panama, Peru, South Korea, Turkey and the United States.
Economic Association Agreements: European Union (EU), Japan and P4 (New Zealand, Singapore and Brunei Darussalam as well as Chile).
Economic Complementation Agreements: Bolivia, Cuba, Ecuador, Mercosur and Venezuela.
Partial Scope Agreements: India.
Agreements negotiated (but not yet in force): Nicaragua and Vietnam.