- A long history of diplomatic relations
- Chile's relationship with the world's most open economy
- The figures
Chile—a long, thin country in southwest South America—is nestled between the Andes mountain range and the Pacific Ocean. Its unique geography features territory in Polynesia (Easter Island), Antarctica and on mainland South America. The Altiplano and the Atacama—the driest desert on the planet—dominate the landscape to the north, while the Andes and the Coastal mountains form a series of valleys in central Chile that are crisscrossed by rushing rivers. Farming land predominates here. In the south, Chilean territory features large lakes, evergreen forests and snow-capped volcanoes. Chilean Patagonia offers hundreds of islands and mainland carved out by fjords, canals and large glaciers.
Chile's alluring destinations and the best of its exports will be showcased for a week in Miami, New York and Philadelphia, as we bring North America the best that the southernmost part of the world has to offer.
A long history of diplomatic relations
Chile and the United States have a history of close diplomatic and trade ties. On March 22, 1811, the First National Government of what was still the Kingdom of Chile sent a letter to US President James Madison, thus establishing the first formal contact between the two nations.
- November 1914 The United States appointed Henry Fletcher as the first US Ambassador to Chile. A month later, Eduardo Suárez was named the first Chilean Ambassador to the United States.
- June 2003 The two countries signed a Free Trade Agreement, effective as of January 2004.
- June 2008 The Chile-California agreement was signed. The deal seeks to optimize the relationship between Chile and the State of California by creating bilateral mechanisms that promote development in areas like energy, the environment, agriculture, higher education and innovation.
- December 2011 The Chile-Massachusetts agreement was signed. The deal seeks to establish effective collaboration that allows the transfer of knowledge, culture and technology between the two territories.
- March 2014 Chile became part of the Visa Waiver program, which had been designed for travel between the United States and Europe.
Chile's relationship with the world's most open economy
The Free Trade Agreement (FTA) with the United States, effective as of January 1, 2004, marked a milestone in Chilean history, strengthening and deepening the country's export-based economic strategy of openness and competitiveness.
Furthermore, the comprehensive, balanced agreement extended beyond the commitments adopted by both countries within the framework of the World Trade Organization (WTO). The FTA included all aspects of the bilateral economic relationship, i.e. trade in goods, services and investments, trade defense, institutional issues, technical standards, and topics that are emblematic of modern 21st Century economy, such as e-commerce and modern treatment of environmental and labor issues without hindering trade.
The reduction schedule for tariffs on goods from both countries was completed on January 1, 2015, which means that 100% of bilateral trade has been tariff-free as of that date.
Since the FTA came into effect, trade between the two countries has increased an average of 5% annually. Thus, the agreement has proven an important step in Chile's globalization strategy. The FTA has opened the door to the world's largest economy and thus generated new opportunities to expand trade and investment in Chile.
The United States is now Chile's:
- Main international investor;
- Second largest trade partner, accounting for 13.1% of trade;
- Main destination for non-mining exports; and
- Main destination for exports from SMEs.
Chile and the United States continue to work on several cooperation initiatives relating to international trade, including the TPP, TISA and the Pacific Alliance (a regional bloc in which the USA is an observer).
In the last decade, Chile's non-mining exports to the United States have grown 29%:
Copper exports: US$1.9 billion
Non-mining exports: US$4.9 billion
Copper exports: US$1.9 billion
Non-mining exports: US$6.3 billion
- The United States was the main export destination for Chilean food products (US$3.6 billion), representing 25% of Chile's total global food exports.
- The United States was also the most important market for Chilean services (US$233 million).
- It was also the main market for ten of Chile's productive industries: seafood, fresh fruit, bottled wine, agroindustry, seeds, vegetable oils, chemicals, forestry manufacturing, electric-electronic engineering and plastics.
Is one of Chile's key promotional activities around the world. After great success in China in 2015 and 2016, the event is coming for the first time to the USA, featuring a productive, multi-industry agenda.
Chile Week is the best opportunity to come together and firm up agreements, business deals and projects associated with Chile's offerings and attractions as they relate to the needs, interests and possibilities of buyers and investors in the USA.
The first edition of Chile Week USA 2016 will be held from October 24-October 28, 2016, in the cities of Miami, New York and Philadelphia. The government delegation is formed by ministry authorities and heads of other varying industries and trade associations.
The focus of Chile Week USA 2016 will be on promoting trade goods, specifically, the food and beverage sector; productivity and diversification; tourism; and investment attraction for the agro-industry and services areas.