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Chile
The EU and Chile concluded an Association Agreement in 2002, which includes a comprehensive Free Trade Agreement (FTA) that entered into force in February 2003 covering EU-Chile trade relations.
Modernisation of the trade part of the EU - Chile Association Agreement
The EU commissioned an independent Sustainable Impact Assessment (SIA) on these negotiations. The SIA was conducted in regular dialogue with all relevant stakeholders from civil society. The SIA has been published together with a Commission Services’ Position Paper.
See how the EU-Chile trade agreement benefits companies and communities across the EU
Trade picture
- The EU is Chile's third-largest trade partner, comprising 12% of Chile's total trade in 2019.
- The EU is Chile's third-largest import supplier and Chile's third-largest export market, after China and the US.
- In 2019 EU imports from Chile were mineral products (23%), vegetable products (21%) and base metals (17%).
- EU exports to Chile in 2019 were machinery (31%) transport equipment (26%), and chemical products (11%).
EU-Chile: Trade in goods
| Year | EU imports | EU exports | Balance |
|---|---|---|---|
| 2018 | 7.4 | 9.3 | 2.0 |
| 2019 | 6.5 | 10.1 | 3.6 |
| 2020 | 5.9 | 7.5 | 1.7 |
EU-Chile: Trade in services
| Year | EU imports | EU exports | Balance |
|---|---|---|---|
| 2017 | 1.7 | 4.0 | 2.3 |
| 2018 | 1.9 | 3.9 | 2.0 |
| 2019 | 2.0 | 4.4 | 2.3 |
EU-Chile: Foreign direct investment
| Year | Inward stocks | Outward stocks | Balance |
|---|---|---|---|
| 2019 | 1.9 | 57.9 | 56.0 |
Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.
Date of retrieval: 12/04/2021
The EU and Chile
The current EU-Chile FTA:
- removes tariffs
- removes trade barriers
- guarantees protection for European intellectual property in Chile
The FTA has a trade coordinator meeting and special trade related sub-committees which meet yearly to review the use of the FTA and other FTA-related issues.
Modernising the trade part of the EU-Chile Association Agreement
The EU and Chile are negotiating to modernise the trade part of the existing EU-Chile Association Agreement, so it can continue to address all areas of the relevant trade and investment relationship between the EU and Chile.
- Negotiating directives adopted by the Council in November 2017, explaining the scope of these negotiations.
- Draft negotiating mandate, May 2017
- EU initial textual proposals for these negotiations & round reports
Trading with Chile
- Rules and requirements for trading with Chile
- The EU is present on the ground in Chile
- Trade relations are part of the EU's overall political and economic relations with Chile
- The EU has a delegation in Chile
- Chile is a member of the World Trade Organization