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Chile

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

Better Regulation Agenda

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.

Exporter stories

See how the EU-Chile trade agreement benefits companies and communities across the EU

Read the exporters' stories

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

Trade in goods 2017-2019, € billions
Year EU imports EU exports Balance
2017 7.4 8.1 0.7
2018 7.4 9.3 2.0
2019 6.5 10.1 3.6

EU-Chile: Trade in services

Trade in services 2016-2018, € billions
Year EU imports EU exports Balance
2016 1.7 3.4 1.7
2017 1.7 3.9 2.2
2018 2.0 3.7 1.7

EU-Chile: Foreign direct investment

Foreign direct investment 2018, € billions
Year Inward stocks Outward stocks Balance
2018 -7.6 52.5 60.1

Unless otherwise mentioned “EU” concerns for all indicated years the current European Union of 27 Member States.

Date of retrieval: 22/04/2020

More statistics on Chile

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.

Trading with Chile