Chile-Brazil free trade agreement could be ready by the end of 2018
Both countries have advanced in fundamental aspects such as good regulatory practices; micro, small and medium enterprises, as well as telecommunications, commerce and gender
Negotiations for a free trade agreement between Chile and Brazil could be concluded before the end of the year. This was reported on September 14th by the Chilean authorities.
The Foreign Ministry of this country indicated that until now both nations have advanced in important aspects such as competition policies, trade, telecommunications, gender; micro, small and medium enterprises; good regulatory practices, regional and global value chains.
The agreement between Chile and Brazil will become a support to the existing one of “Economic Complementation 35“, which regulates trade between Chile and the member countries of Mercosur. This agreement establishes a zero tariff for all products.
After the positive results obtained during the recent round of negotiations in Brasilia, capital of Brazil, the negotiating delegations will meet in Santiago, Chile, from October 16th to 19th to discuss outstanding issues, such as those related to the labor area, environmental care, elimination of costs by telephone ‘roaming’.
To close this agreement at the end of the year, both countries seek to strengthen ties through the Pacific Alliance and Mercosur.
Source: La Nación
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