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Chile

Chile

The EU and Chile concluded an Association Agreement in 2002, which included a comprehensive Free Trade Agreement that entered into force in February 2003.

The EU-Chile Free Trade Agreement is broad and comprehensive and covers all the areas of EU-Chile trade relations.

Better Regulation Agenda

Modernisation of the trade part of the EU-Chile Association Agreement

Inception Impact Assessments

Trade picture

  • The EU is Chile's third trade partner, comprising 14.4% of Chile's total trade in 2015. Bilateral trade in almost all import categories has been very stable over the 2013-2015 timeframe, with the EU registering a slight trade surplus €0.2bn in 2015.
  • The EU is Chile's third import supplier, after China and the US, and is Chile's second largest export market, after China.
  • In 2015, EU imports from Chile were dominated by crude materials except fuels (27.9%) (mainly copper), manufactured goods (25.8%), and food and live animal products (24.7%).
  • EU exports to Chile were overwhelmingly composed of machinery and transport (52.2%), followed by chemical products (15.3%) and manufactured goods (13.4%) (2015).
  • Between 2012 and 2014, total trade in services increased moderately, from €4.5bn in 2012 to €5bn in 2014.
  • The EU is Chile's biggest foreign investor, accounting for 26% of FDI stocks and for 27.8% of FDI flows in the country.

EU-Chile "trade in goods" statistics

Trade in goods 2013-2015, € billions
Year EU imports EU exports Balance
2013 8.9 9.3 0.3
2014 8.6 7.4 -1.2
2015 8.3 8.4 0.1

EU-Chile "trade in services" statistics

Trade in services 2012-2014, € billions
Year EU imports EU exports Balance
2012 1.5 3.1 1.6
2013 1.6 3.1 1.5
2014 1.7 3.3 1.6

Foreign direct investment

Foreign direct investment 2014, € billions
Year Inward stocks Outward stocks Balance
2014 1.0 39.8 38.9

Date of retrieval: 14/04/2016

More statistics on Chile

EU and Chile

The trade pillar of the EU-Chile Association Agreement entered into force in February 2003. It includes a comprehensive FTA pillar that has led to a significant increase in trade in goods and services between the EU and Chile. In 2015 bilateral trade in goods had more than doubled, from the initial € 7.7 billion in 2003 to € 16.6 billion in 2015.

An Association Committee and Special Committees were created within the framework of the EU-Chile Association Agreement. The Association Committee and related Special Committees meet once a year to review the implementation of the FTA and address all relevant FTA-related issues.

The EU and Chile are currently examining the possibility to modernize the existing FTA pillar, so as to ensure that it addresses all relevant aspects of the trade and investment relationship between the EU and Chile.

Trading with Chile