NEWS

US-Chile free trade agreement: Before and after

It is totally certain that the Free Trade Agreement between Chile and USA has been a crucial key factor for the aim to foster the Chilean market in foreign trade and we can say that this has not only been beneficial for entrepreneurs from a business perspective, but also it has had a positive impact on work conditions’ development and on population’s increased purchasing power. As a result, Chileans are now able to purchase certains products that are imported from other markets at a reasonable price since Chile has currently established several fixed import flows.

Does this agreement involve a bigger investment for USA in our market?

No doubt the answer is yes, it does, since almost half of US investment directly made in Chile has been possible once the agreement was signed. Consequently, US has become the first investor in the Chilean market and has promoted business relations between Chile and other developed countries. Moreover the Free Trade Agreement is worth to mention as Chile would have never had such a great reception by other countries in different parts of the world nor been considered as one of the main economic powerhouses in South America.
 
The attempt has been successful, and it is a real fact nowadays, thanks to lots of large efforts made by several actors in the Chilean economy that started back in the 90’s and also thanks to the essential role of the North-American- Chile Trade Chamber. More than 10 years after the agreement, Chile and US have become two important strategic locations where companies can do business in different sectors.
 
At Lamaignere, as both countries are part of our strategic markets, we would like to encourage all companies to set links with both of them. Our own experts are able to help from our offices also located in US and Chile.
 

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Fundacion Lamaignere

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