Thailand Chile Free Trade Agreement

Thai products that arrive in Chile duty-free include oil, natural gas, vans, cars, canned tuna, digital cameras and canned pineapples. On 12 May 2010, the Thai government approved the draft framework for negotiating a free trade agreement with Chile. The first round of negotiations took place in Bangkok on 8 April 2011. The second round took place from May 23 to 25, 2011 in Santiago, Chile. The third round was held in Bangkok in August 2011. The fourth round of negotiations took place in Santiago from 19 to 21 March 2012. The fifth round of negotiations took place in Bangkok in May 2012. The sixth round of negotiations took place in Santiago in August 2012. The free trade agreement was signed on October 4, 2013 in Bangkok, Thailand. The agreement provides for the immediate abolition of tariffs on more than 90% of bilateral trade.

Now that the agreement has entered into force, copper cathodes, molybdenum concentrates, lithium carbonate, automotive gearboxes, wood products, paper and cardboard, as well as a wide variety of foods such as avocados, poultry, pork and condensation milk, are among the main products that Chile can export to Thailand duty-free. At the 2005 APEC Heads of State and Government Meeting in Korea, Chile and Thailand agreed to explore the possibility of negotiating a free trade agreement. To this end, the two governments established a joint working group on feasibility studies, which met for the first time in Bangkok, Thailand, in February 2006. The second meeting was held in Santiago, Chile, in May 2006. Following the necessary legal procedures, the free trade agreement between Chile and Thailand (in Spanish) came into force in November 2015. This is Chile`s fourth free trade agreement with the economies of the Association of Southeast Asian Nations (ASEAN). The notable features of the agreement are that it does not exclude any product from the tariff universe and encompasses trade in financial services and services, while committing to open negotiations on an investment chapter in two years. It also covers disciplines such as technical barriers to trade (OTC), rules of origin, environmental and labour issues, public procurement and health and plant health measures (SPS).