Chile Free Trade Agreements Us

Posted on: September 14th, 2021 by designer No Comments

3. (back) A detailed summary of this trade policy-focused process is available in CRS 97-56, Chilean Trade and Economic Reform: Implications for NAFTA Accession, by. October 17, 1997, pp. 1-9. New opportunities for U.S. workers and manufacturers: All exports of consumer and industrial products can now enter Chile duty-free. Major U.S. export sectors such as agricultural and construction machinery, cars and auto parts, computers and other computer products, medical equipment, and paper products. The United States is Chile`s largest trading partner in a country and accounts for 20% of Chilean exports and 15% of imports in 2002. In contrast, Chile is the 34th largest export destination for the United States and the 36th largest import contribution, accounting for 0.3% of U.S. trade (2002 data). Chile`s relatively small share of U.S.

trade has actually declined slightly in recent years, but its openness to the United States is growing. In addition to tariff reductions, trade defence measures have posed considerable challenges for negotiators. In the United States, low tariffs on most products have led domestic industry to rely on trade legislation to combat import competition. Perhaps the most controversial issue has been the application of U.S. anti-dumping legislation (an investigation into whether goods are sold at less than fair value) that Chile wished to address under the bilateral free trade agreement. This was not a new topic and was addressed in the Canada-Chile Free Trade Agreement, which provides for a “mutual exemption from the application of anti-dumping legislation” except in “exceptional circumstances”. (14) The thrust of this Agreement does not appear to require the abolition of anti-dumping measures, but to apply them as a last resort, and not as a first resort, in accordance with WTO guidelines. . . .

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