Trans-Pacific Partnership (TPP) – Chile
GDP ($ billions): 285.0
GDP per capita ($): 15,995
GDP growth rate (%): 1.8
Consumers (millions): 17.4
Chile’s Main Imports (from the world): Coal; crude oil from petroleum and bituminious minerals; oil from petroleum and bituminious minerals; petroleum gases and other gaseous hydrocarbons; sulfuric acid
Canada's merchandise exports to Chile (2012−2014 annual average) (value in millions of Canadian dollars)
- Agriculture and Agri-food (225.0)
- Forestry Products (19.7)
- Mineral Products (124.9)
- Petroleum Products (399.8)
- Other Industrial Products (548.9)
Chile is the only TPP country to have a free trade agreement in place with every TPP member. From 2012 to 2014, Canada exported an annual average of $1.3 billion worth of merchandise to Chile.
Complementing Existing Preferential Access to Chile
The Canada-Chile Free Trade Agreement (CCFTA) came into force in 1997 and was modernized in 2013, 2014, and again in 2015.
The majority of tariffs on goods between Canada and Chile have already been eliminated under the CCFTA.
Content rules in the TPP will enhance Canadian producers and processors’ ability to source materials from TPP countries when exporting preferentially to Chile under the Agreement.
The TPP will enhance opportunities for Canada’s suppliers of professional services (e.g. engineering and architectural services), computer and related services, and services related to mining.
With regard to temporary entry of business persons, new commitments will make it easier for Canadian businesses to temporarily move certain categories of business persons to Chile. These new commitments include enhanced access for Canadian business visitors, intra-corporate transferees, and certain highly-skilled professionals and technicians.
Furthermore, new commitments will allow spouses of certain Canadian business persons to enter and work in Chile.
Canadian suppliers will also gain enhanced access to public procurement at the sub-national level in Chile.
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