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Chile Market Overview

Section One

Economic Indicators Market Share by Country Market Opportunities Market Challenges Political, Economic & Environmental Investment, Business Climate
INTRODUCTION

 

Chile has signed more trade agreements than any other country in Latin America. As of 2025, it is party to 33 trade agreements covering 65 economies, including major partners such as the United Kingdom, United States, China, the European Union, Japan, Korea, and India. These agreements provide Chile with preferential access to approximately 88% of global GDP (Direcon/Subrei).

Chile became the 31st member of the Organisation for Economic Co-operation and Development (OECD) in 2010, the second Latin American country to join after Mexico.

Chile is also a committed participant in multiple multilateral organisations, including:

Chile and the United Kingdom signed an Association Agreement on January 30, 2019, to ensure continuity of preferential trade arrangements after the UK’s exit from the European Union. This agreement entered into force on January 1, 2021 (UK Government – UK–Chile Agreement).

The agreement includes provisions on:

Since February 1, 2025, Chile has implemented new procedures aligned with the Registered Exporter System (REX), replacing EUR.1 certificates with simplified electronic declarations for preferential origin under its agreements.

Chile and the UK also hold an annual ministerial Trade Dialogue, aimed at strengthening bilateral trade ties and reviewing opportunities to modernise the Association Agreement.

Additionally, Chile and the UK have signed various bilateral agreements covering:

MARKET REPORTS
IN PARTNERSHIP WITH

 

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DOING BUSINESS IN CHILE GUIDE

Economic Indicators

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