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Brazil and Chile to resume free trade negotiations in September

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Representatives will meet between 12 and 14 September in Brasília for the 3rd Round of Negotiations of the Brazil-Chile Free Trade Agreement
published: Aug 15, 2018 02:42 PM last modified: Aug 15, 2018 02:42 PM
Marcos Santos/USP Imagens

Representatives from Brazil and Chile will meet from 12 to 14 September in Brasília to resume trade talks for the third official round of negotiations of the Brazil-Chile Free Trade Agreement.

The first negotiations began on 27 April, and a consensus has already been reached on competition policy, good regulatory practices and issues surrounding MSEs and entrepreneurship.

Chile is one of Brazil's main trading partners, second only to Argentina in South America, and also an important destination for Brazilian investments. Conversely, Brazil is Chile's largest trading partner in South America and the main destination for investments.

From January to July this year, Brazil exported US$ 3.531 billion in products to Chile, 19.6% more than in the same period of last year. Imports over the period reached US$ 2.020 billion, leading to trade surplus of US$ 1.51 billion for Brazil.

Source: Brazilian government