Chile and Mexico triple bilateral trade since the entry into force of the Free Trade Agreement


Since the entry into force of the FTA in 1999, bilateral trade between the two nations has tripled, reaching US $ 4,181 million in 2008. On this, the Director General of International Economic Relations of the Ministry of Foreign Affairs (DIRECON), Carlos Furche, said that it is one of the most successful treaties that Chile has signed.
In Mexico City the IX Free Trade Commission between Chile and Mexico was held, an instance stipulated in the Free Trade Agreement (FTA) in which authorities of both countries must meet to make a commercial and institutional assessment of the agreement. The Mexican delegation was headed by the Undersecretary of Foreign Trade of the Ministry of Economy of Mexico, Beatriz Leycegui Gardoqui.
Furche said that Mexico is the main Latin American investor in Chile. “Between 1974 and 2008, the materialized investment of Mexico in our country accumulates an amount of US $ 1,254 million. Chile ranks third as the origin of Latin American investments in Mexico, with Chile’s cumulative investment in Mexico reaching US $ 291 million, between 1999 and September 2009.
At the meeting, the representations discussed how to expedite the entry of Chilean products into Mexico, agreeing on measures to optimize Sanitary conditions and Public Purchases. In addition, both countries concluded an agreement to relax rules of origin for products of mutual interest, deepening the FTA.
The Commission scheduled the next meeting for the first semester of 2011, in Chile


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