Page "Economy of Chile" Paragraph 39

After two years of negotiations, the United States and Chile signed an agreement in June 2003 that will lead to completely duty-free bilateral trade within 12 years.

The U. S .- Chile FTA entered into force January 1, 2004, following approval by the U. S. and Chilean congresses.

The bilateral FTA has inaugurated greatly expanded U. S .- Chilean trade ties, with total bilateral trade jumping by 154 % during the FTA's first three years.