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Chile, Uruguay To Start FTA Negotiations

by Mike Godfrey, Tax-News.com, Washington

24 February 2016


A delegation from Chile's Directorate General of International Relations (DIRECON) traveled to Uruguay on February 22, 2016, to begin negotiations on a bilateral free trade agreement (FTA).

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.

To date, Chile has signed 26 free trade and preferential trade agreements. In November last year it signed a letter of intent with the Philippines to conduct a joint feasibility study on an FTA.

Uruguay is party to a number of FTAs through its membership with Mercosur.

TAGS: tax | free trade agreement (FTA) | Chile | Paraguay | Uruguay | export duty | tariffs | Philippines | agreements | Brazil | import duty | trade | Argentina

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