שטוטאקוי, אתר מאמרים אישי

December 5, 2020

Chile International Trade Agreements

Filed under: Uncategorized — ירון @ 11:11 am

Developing countries, including Chile, have expressed two fundamental concerns about the inclusion of environmental and labour provisions in trade agreements: 1) that their sovereignty could be compromised if such agreements approve higher standards; and 2) that such provisions can be used to justify disguised protectionism. Proponents of free trade in the United States and other developed countries have expressed similar sentiments regarding the inclusion of environmental and labour provisions in trade agreements. The U.S.-Chile Free Trade Agreement came into force on January 1, 2004. The U.S.-Chile Free Trade Agreement eliminates tariffs and opens markets, reduces barriers to trade in services, protects intellectual property, ensures regulatory transparency, ensures non-discrimination in digital trade, requires parties to maintain competition laws that prohibit anti-competitive business practices, and requires effective labour and environmental enforcement. As of January 1, 2015, all goods from the United States will arrive in Chile duty-free. The Chile-Australia Free Trade Agreement, which came into force in March 2009, aims to boost trade relations between the two countries and make Chile the gateway for Australian products to Latin America. From the beginning of 2015, all duties except sugar were abolished. This agreement has significantly encouraged the development of the 200 Australian companies operating in Chile. In addition, many of these companies have continued to expand into other Latin American countries. Trade Agreement SecretariatGlobal Affairs CanadaLester B. Pearson Building125 Sussex Drive, Ottawa, ON K1A 0G2Fax: 613-944-0757Email: consultations@international.gc.ca The original 1997 Free Trade Agreement was updated in February 2019.

The new Canada-Chile Free Trade Agreement (CCFTA) will promote an open, more inclusive and advanced trading platform based on rules that are more relevant to today`s world. Bilateral merchandise trade between the two countries reached $2.9 billion in 2019. Chile is the top destination for foreign direct investment by Canadian investors, with nearly $17 trillion in foreign direct investment from Canada to Chile in 2017. As a founding member of the Pacific Alliance trading bloc, Chile took advantage of the agreement to develop its trade relations with key players in the region, each with a coastline with the Pacific. The aim of this agreement is to improve cooperation and integration between its Member States in order to develop the economy of each of its members. The other members of this agreement are Colombia, Peru and Mexico. This agreement creates a healthier and more competitive business environment for companies in the Member States. The overall estimate of the ITC study was that by 2016, when tariff elimination measures were to be implemented, U.S. exports to Chile would increase in the range of 18% to 52%; U.S. imports would increase from 6% to 14%. The study found that this figure would be very low relative to all U.S.

trade and that the macroeconomic impact on trade, output and overall economic well-being would be small to negligible (in a negative range of 0.001% to a positive GDP).

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