Chile–Mexico Free Trade Agreement is a trade agreement between Chile and Mexico. It was signed in Santiago, Chile on April 17, 1998. The agreement came into effect on 1 August 1999. This treaty marked the first of its kind for Mexico and second for Chile, after their agreement with Canada. The goals of the agreement are to stimulate expansion and diversity of trade, eliminate barriers to trade, promote fair competition, increase investment opportunity, protect and enforce intellectual property rights, establish guidelines for further cooperations, and create procedures for the application and enforcement of the treaty.

Trade Statistics

The Chile–Mexico Free Trade Agreement originally aimed to program and automate liberalization of 95% of products in the tariff universe, but 98.3% of products were freed of tariffs by 2016. Between 1998 and 2001, Mexico's imports from Chile (in millions of USD) increased from $552.0 to $975.0, and Chile's imports from Mexico (in millions of USD) decreased from $859.9 to $532.9. By 2005, total trade between Chile and Mexico had increased by 1200% since the FTA came into effect. As of 2016, Mexico was the 10th largest importer of Chilean goods, 22% of which was "Forest Manufactures". The total value of goods exchanged has fallen from $4.2 billion in 2008 to US$3.202 billion in 2016. As of 2013, Chile was ranked as the 22nd largest importer of Mexican goods.

Goals of the Agreement

The goals of the agreement are described within the agreement as follows:

Provisions

The provisions within the agreement cover the following topics: