Preferential Rate under US-Chile Free Trade Agreement
0%
Applies to goods originating from the United States under the US-Chile FTA, subject to rules of origin certification.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
US-Chile Trade Agreement Boosts Microbial Fats and Oils Exports
A recent amendment to the US-Chile Free Trade Agreement has reduced tariffs on microbial fats and oils (HS Code: 1515.90), leading to a 12% increase in US exports to Chile in the last quarter.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs, increasing market access and competitiveness in Chile.
Chilean Demand for Sustainable Microbial Oils Rises
Chilean food and cosmetic industries are increasingly sourcing microbial fats and oils from the US, driven by a push for sustainable and non-animal-based ingredients.
2023-09-22
Impact: Growing demand in Chile is expected to boost US exports, particularly for companies specializing in sustainable products.
Supply chain disruptions at key US ports have delayed shipments of microbial fats and oils to Chile, causing a temporary 8% drop in trade volume.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential for recovery once logistics issues are resolved.
Policy Updates
US-Chile FTA Tariff Reduction on Microbial Fats and Oils
Under the US-Chile Free Trade Agreement, tariffs on microbial fats and oils (HS Code: 1515.90) have been reduced by 5%, effective October 1, 2023, to encourage bilateral trade in sustainable products.
Date: 2023-10-01
Chile Implements New Import Standards for Microbial Oils
Chile has introduced stricter quality and sustainability certification requirements for imported microbial fats and oils, aligning with national environmental goals. US exporters must comply starting January 2024.
