Australia-Chile Free Trade Agreement
The deal at a glance
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The deal at a glance [PDF 34 KB]
The deal at a glance
| Outcome |
Impact |
| GOODS |
- Tariffs on all existing merchandise trade to be
eliminated by 2015
- Tariffs on around 92% of lines covering about 97% of
trade in each direction will go down to zero on the
FTA’s entry into force
- All goods covered, including sugar
|
- Immediate market access gains for exporters and parity
with suppliers from other countries with preferential
access
- Australian exports likely to benefit include coal,
paints, varnishes, plastics, chemicals, heavy equipment,
meat, dairy, wine and other agricultural
exports
- Chile’s fixed sugar tariff to be eliminated;
variable component will remain, subject to continuing
reform pressure
|
| SERVICES |
- The FTA will lock in both sides’ liberal services
regime
- Any new liberalisation will automatically be locked into
the FTA
|
- Certainty of continuing liberal arrangements for trade in
services which go well beyond current WTO
commitments
- Sectors offering potential for Australian services
providers include engineering and consulting,
franchising, education and training, information
technology, tourism and infrastructure
- Further liberalisation of services and investment without
need for new negotiation
|
| INVESTMENT |
- The FTA will lock in both sides’ liberal investment
regime.
- The FTA will ensure a transparent basis for expanding
two-way investment flows.
|
- The FTA will provide certainty and security for new and
existing Australian investors, for example in mining and
energy technology, gas distribution and power
generation
|
| GOVERNMENT PROCUREMENT |
- The FTA secures national treatment for Australian goods,
services and suppliers in the Chilean market for
procurements above agreed value thresholds.
- The agreement covers procurement by an extensive list of
Chilean government entities at both the central and
sub-central government levels.
|
- Greater certainty for Australians looking to participate
in the Chilean government procurement market
- Non-discriminatory access for Australian suppliers, goods
and services, placing them on an equal footing with
competitors from other countries.
|
| INTELLECTUAL PROPERTY |
- The FTA will lock in both sides’ high standards of
IP protection for patents, trademarks, geographical
indications and copyright.
|
- Intellectual property right holders can be assured that
their rights can be protected and enforced in Australia
and Chile.
|
