Modernisation of the EFTA–Chile free trade agreement conclusion of negotiations
Modernisation of the EFTA–Chile free trade agreement conclusion of negotiations
Note by the EFTA Secretariat
On 19 January 2024, Member States of the European Free Trade Association (Iceland,
Liechtenstein, Norway and Switzerland) and Chile concluded negotiations on the
modernisation of the existing EFTA–Chile Free Trade Agreement (FTA).
Summary
The EFTA States signed an FTA with Chile in Kristiansand, Norway, on 26 June 2003. The
Agreement entered into force on 1 December 2004. With the modernisation, the FTA is
upgraded to an ambitious and broad-based Agreement, updating trade in goods, trade in
services including financial services, intellectual property rights (IPR) and government
procurement. The modernised FTA will further include new chapters on trade and sustainable
development and digital trade and, for the first time, a chapter on small and medium-sized
enterprises (SMEs).
Bilateral EFTA–Chile merchandise trade reached almost EUR 847 million in 2022. EFTA’s main
exports to Chile were pharmaceutical products, machinery and mechanical appliances, ships,
boats and floating structures, precision instruments (optical, medical, surgical) and watches.
For the same year, imports from Chile consisted mainly of chemicals, fruits and nuts, fats and
oils, beverages and spirits, and animal feed.
Read the note (pdf)
