Turkey Chile Free Trade Agreement

Chile is one of the Latin American countries that are most active in bilateral trade agreements Chile has also concluded bilateral “complementary economic agreements” with Bolivia, Peru, Venezuela, Argentina, Ecuador, Colombia and Mercosur, as well as a partial agreement with Cuba. Chile is the first Latin American country to have sealed a free trade agreement with China (2005) and to work with Beijing since early 2007 to extend the agreement to services and investment. Other agreements in this regard were reached during President Bachelet`s visit to China in April 2008. The service contract came into effect in August 2010. The following agreements have been replaced by the Ue-Turkey customs union: on the occasion of the second Joint Committee of the Free Trade Agreement between Chile and Turkey, from 25 to 26 March 2013, Chile and Turkey agreed to extend the scope of the free trade agreement to trade in services. Chile and Turkey also discussed other issues of bilateral interest. Chile is the only country in Latin America and the Caribbean where Turkey has a free trade agreement. The agreement signed on July 14, 2009 has been in effect since March 1, 2011. Chile has more or less comprehensive free trade agreements with the United States, Canada, the European Union, EFTA, South Korea, Japan, Central America and Mexico.

In June 2005, it reached a four-lane agreement with its Pacific neighbours Brunei, New Zealand and Singapore (P-4). In June 2006, it signed a free trade agreement with Panama. In February 2010, it signed a contract with Guatemala. In 2008, Chile signed free trade agreements with Australia, Honduras and Colombia, while expanding its agreements with Peru and Cuba. The free trade agreement between Turkey and Chile will enter into force in 2011. The main objective of the free trade agreement between Chile and Turkey is the creation of a free trade area On this point are the free trade agreements signed by Turkey. [1] In 1995, Turkey signed a customs union with the European Union for products other than agricultural products and services. Since 2018, the EU has been Turkey`s main trading partner, with 50% of its exports and 36% of its imports. [2] Chile and Turkey agreed to explore the possibility of negotiating a free trade agreement. To this end, the two governments have set up a joint working group on feasibility studies.

Free trade negotiations began after the joint task force published its final report. The second round of negotiations took place on 11 July 2008 in Ankara, Turkey. Chile and Turkey held the third round of negotiations on 8 October 2008. The fourth round of negotiations was launched on 18 March 2009 in Ankara, Turkey. Two days later, Chile and Turkey concluded negotiations for a free trade agreement. On 14 July 2009, Chile and Turkey signed a free trade agreement. The volume of trade between the two countries amounted to about USD 579.3 million at the end of 2019 (Turkish exports: USD 343.8 million, Turkey-imports: USD 235.5 million).