The EU and Chile have signed a comprehensive trade agreement, which led to an increase in economic activity between the two countries. Thus, the European Union remains Chile’s greatest trading partner.
EU exports of services to Chile amounted to 1,1 billion, in 2005. EU imports of services to Chile accounted for 2, 2 billion Euro, in 2005.
The EU-Chile agreement goes beyond the WTO committments, and covers all areas of the EU-Chilean trade relations. It includes goods, services and government procurement, liberalises investment and capital flows, and strengthens the protection of intellectual property rights. The FTA further provides for a progressive liberalisation of trade in agricultural goods and services.
(Source: European Commission)
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