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.