Trade

Chile
EU trade relations with Chile. Facts, figures and latest developments.

Country or region Chile

Trade topics Negotiations and agreements Trade policy

The EU and Chile concluded an Association Agreement in 2002, which includes comprehensive
trade rules (see Part IV of the Association Agreement (http://eur-lex.europa.eu/resource.html?
uri=cellar:f83a503c-fa20-4b3a-9535-f1074175eaf0.0004.02/DOC_2&format=PDF)) that entered into force in
February 2003 covering EU-Chile trade relations.

EU-Chile agreement (/eu-trade-relationships-country-and-

region/countries-and-regions/chile/eu-chile-agreement_en)

EU-Chile Advanced Framework Agreement

Being adopted or ratified

Trade picture
The EU is Chile's third-largest trade partner, comprising 9,5 of Chile's total trade in 2022.
The EU is Chile's third-largest import supplier and Chile's third-largest export market, after
China and the US.
In 2022 EU imports from Chile were vegetable products (38,5%), mineral products (20,3%),
and base metals (21,4%).
EU exports to Chile in 2022 were machinery (27,5%), chemical products (18,9%) and
transport equipment (17,3%).

Skip chart
 Trade in goods, € billions
12

10

8
Billions

0
2020 2021
Years

EU imports EU exports Balance

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Trade in services, € billions

5

3
Billions

0
2019 2020
Years

EU imports EU exports Balance

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 Foreign direct investment, € billion
60

50

40
Billions

30

20

10

0
2021
Years

Inward stocks Outward stocks Balan

The EU and Chile

The current trade part of the EU-Chile Association Agreement:

removes tariffs
removes trade barriers
guarantees protection for European intellectual property in Chile

The Agreement has a trade coordinator meeting and special trade related sub-committees which
meet yearly to review the use of the Agreement and other trade-related issues.

Modernising the trade part of the EU-Chile Association Agreement

The EU and Chile concluded negotiations to modernise the existing EU-Chile Association
Agreement on 9 December 2022, ensuring that the agreement continues to address all areas of the
relevant trade and investment relationship between the EU and Chile.

Negotiating directives (https://www.consilium.europa.eu/media/32405/st13553-ad01dc01en17.pdf)

adopted by the Council in November 2017, explaining the scope of these negotiations.
Draft negotiating mandate, May 2017
EU initial textual proposals for these negotiations & round reports (/eu-trade-relationships-
country-and-region/countries-and-regions/chile/documents_en)
Sustainability Impact Assessments (https://policy.trade.ec.europa.eu/analysis-and-
assessment/sustainability-impact-assessments_en#chile) in support of negotiations for the
modernisation of the trade part of the Association Agreement with Chile

Trading with Chile

Importing into the EU from Chile
EU trade defence measures on
imports (https://tron.trade.ec.europa.eu/investigations/ongoing) from Chile
Exporting from the EU to Chile
 Trade defence measures in force in
Chile (https://tron.trade.ec.europa.eu/investigations/cases)
Trade relations are part of the EU's overall political and economic relations with Chile
Chile is a member of the World Trade Organization

Exporters' stories
France - Fresh water from a French firm (/eu-
trade-relationships-country-and-region/exporters-stories/france-fresh-water-
french-firm_en)

The 2003 EU-Chile trade deal cut import taxes and other trade barriers. This
enabled French water treatment firm, Eau Pure, to enter the Chilean market,
doubling turnover in two years. The workforce has also grown from 10 to 20
employees.

EU trade deals give Europeans more and more opportunities. Find out more. (/eu-
trade-relationships-country-and-region/exporters-stories_en)

Latest news
Press release 13 December 2023

EU and Chile sign modern and ambitious trade and political

agreements (https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6542)
The EU and Chile have today signed an Advanced Framework Agreement and an Interim Trade
Agreement to strengthen political cooperation and foster trade and investment.

Press release 9 December 2022

EU and Chile strengthen a comprehensive political and trade

partnership (https://ec.europa.eu/commission/presscorner/detail/en/ip_22_7569)
Today, the European Union and Chile have concluded negotiations on the EU-Chile Advanced
Framework Agreement.

News announcement 9 June 2020

Commission publishes report on EU-Chile negotiation

round (/news/commission-publishes-report-eu-chile-negotiation-round-2020-06-09_en)
As part of its transparency commitment, the European Commission today published the report
summarising progress made during the seventh round of negotiations for the modernisation of the
Trade part of the EU-Chile Association Agreement took place from 25 to 29 May.

All the latest news on EU trade (/news_en)