March 2006u.s.-chile Free Trade Agreement • March 29th, 2006
On Jan. 1, 2004, the United States began implementing the U.S.-Chile Free Trade Agreement (FTA), the first comprehensive trade agreement with a South American country. After 2 years, total bilateral trade had grown 80 percent, benefiting both countries. Many agricultural products received tariff free access upon implementation. Three-quarters of U.S. agriculture goods exported to Chile will be duty free by 2008 and full agricultural liberalization will occur by 2016.
