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Not many know, but bilateral trade between Brazil and Chile is one of the strongest in the region. For Brazil, the second commercial partner is Chile and, only so far this year from January to August 2018, the commercial exchange between the two countries was US $ 6.38 billion, an increase of about 13% in relation to the same period of 2017. Brazil is the largest commercial partner of Chile in Latin America and the main destination of Chilean investments abroad, with an inventory of US $ 31 billion.

In Brasilia, from September 12 to 14, the third round of negotiations was held for a Free Trade Agreement between Brazil and Chile. “On this occasion, the chapters on trade and gender, telecommunications and regional and global value chains were concluded,” the Ministry of Foreign Affairs of Brazil said in a statement.

In the previous round, held from August 7 to 10, the chapters on competition policy, good regulatory practices, as well as micro, small and medium-sized enterprises and entrepreneurs had been finalized.

Before the end of this year, it is expected to make substantial progress in the other negotiating chapters that make up the future agreement:

• sanitary and phytosanitary measures;
• Electronic commerce;
• trade facilitation;
• technical barriers to trade;
• economic-commercial cooperation;
• trade and labor issues;
• trade and environment;
• institutional matters and
• dispute resolution.

The next meeting is marked for October 16 to 19, in Santiago, Chile.

-Carolina Ures and Angelica Delgado

For more information, contact Sidera’s team:

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