Thailand Chile Free Trade Agreement

Following the necessary legal procedures, the Free Trade Agreement (FTA) between Chile and Thailand (in Spanish) entered into force in November 2015. This is the fourth free trade agreement signed by Chile with the economies of the Association of Southeast Asian Nations (ASEAN). One of the notable features of the agreement is the fact that it does not exclude products from the customs universe and includes trade in services and financial services, while invoking the commitment to start negotiations on an investment chapter in two years. It also includes disciplines such as technical barriers to trade (TBT), rules of origin, environmental and labour issues, government procurement, and sanitary and phytosanitary (SPS) measures. The agreement provides for the immediate elimination of tariffs on more than 90% of bilateral trade. Now that the agreement has entered into force, copper cathodes, molybdenum concentrates, lithium carbonate, automotive gearboxes, wood products, paper and cardboard, as well as a large number of foods such as avocados, poultry, pork and condensing milk, are among the most remarkable products that Chile can export to Thailand duty-free. Thai products that arrive duty-free in Chile include oil, natural gas, vans, cars, canned tuna, digital cameras and pineapple cans. On 12 May 2010, the Thai government approved the draft framework for negotiating a free trade agreement with Chile. The first round of negotiations took place on 8 April 2011 in Bangkok. The second round took place from 23 to 25 May 2011 in Santiago, Chile. The third round took place in Bangkok in August 2011.

The fourth round of negotiations was held in Santiago from 19 to 21 March 2012. The fifth round of negotiations took place in Bangkok in May 2012. The sixth round of negotiations was held in Santiago in August 2012. The Free Trade Agreement was signed on 4 October 2013 in Bangkok, Thailand. At the APEC meeting in Korea, Chile and Thailand in 2005, they agreed to discuss the possibility of negotiating a free trade agreement. To this end, the two Governments established a joint working group on feasibility studies, which met for the first time in Bangkok, Thailand, in February 2006. The second meeting was held in Santiago, Chile, in May 2006. In return, Chile imported US$526 million from Thailand, including vans, passenger cars, prepared or preserved fish and television receivers. In 2014, Chile exported $289 million to Thailand,[1] mainly copper cathodes and ores, chemical pulp, and frozen fish, among others….