Chile

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

• Chile

• Negotiations and agreements
• Trade policy

The EU’s bilateral trade relations with Chile are governed by the EU-Chile Association Agreement.

The existing EU-Chile Association Agreement is currently being modernised through two parallel legal instruments: the Advanced Framework Agreement, and an Interim Trade Agreement. Both legal instruments were signed on 13 December 2023.

The EU and Chile first concluded their Association Agreement in 2002. That agreement includes comprehensive rules covering EU-Chile trade relations that entered into force in February 2003 (see Part IV of the Association Agreement).

EU-Chile Advanced Framework Agreement

Being adopted or ratified

Trade picture

• The EU is Chile's third-largest trade partner, comprising some 10% of Chile's total trade in 2023.
• The EU is Chile's third-largest import supplier and Chile's third-largest export market, after China and the United States.
• In 2023, the EU's main imports from Chile were vegetable products (39%), mineral products (20%), and base metals (21%).
• The EU's main exports to Chile in 2023 were machinery (27%), chemical products (18%) and transport equipment (17%).

The EU and Chile

The EU and Chile signed new legal instruments that modernise the EU-Chile Association Agreement on 13 December 2023.

The modernisation, which deepens the trade and investment relationship between the EU and Chile, is delivered by means of two parallel legal instruments: the Advanced Framework Agreement, and an Interim Trade Agreement.

The modernised EU-Chile Advanced Framework Agreement removes most remaining trade tariffs on goods, facilitates increased trade in services, and makes it easier for small companies to do business between the EU and Chile.

For more information:

• Negotiating directives adopted by the Council in November 2017 outline the scope of the recent negotiations
• Draft negotiating mandate, May 2017
• EU initial textual proposals for the modernisation negotiations & round reports
• Sustainability Impact Assessments 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 from Chile
  • Trade defence measures in force in Chile