Chile, Uruguay Hold FTA Talks

by Mike Godfrey, Tax-News.com, Washington

14 April 2016

Chile and Uruguay concluded a second round of negotiations towards a free trade agreement (FTA) on April 12, 2016, according to a statement from Chile's Directorate General of International Relations (DIRECON).

Experts from both countries discussed various issues related to the proposed agreement, including access to goods, rules of origin, trade in services, technical barriers to trade, and trade facilitation.

The two countries are already part of the Economic Complementation Agreement between Chile and Mercosur (ACE 35), which entered into force on October 1, 1996. The agreement also includes Argentina, Brazil, and Paraguay.

Trade between Chile and Uruguay during 2015 totaled USD349m, according to DIRECON. Chilean exports to Uruguay in that period reached USD149m, while imports totaled USD200m.

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