Increasing, with a 5% growth in bilateral trade compared to 2021
Special Rates
Preferential Rate
0%
Applicable to goods meeting rules of origin under the USCTA and within quantitative limits specified in U.S. note 16 to the relevant HS subchapter.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S.-Chile Trade Agreement Strengthens Quantitative Limits on Specific Goods
A recent review of the U.S.-Chile Free Trade Agreement highlights adherence to quantitative limits under U.S. note 16 for certain agricultural and textile products, ensuring balanced trade flows.
October 10, 2023
Impact: This reinforces stability in bilateral trade by preventing oversupply, particularly in sensitive sectors like dairy and apparel, maintaining market predictability for both nations.
Chilean Exports to U.S. Near Quantitative Limits for Key Categories
Chilean exports of specific goods under HS codes tied to U.S. note 16, including certain fruits and processed foods, are approaching their annual quantitative limits, prompting discussions on quota adjustments.
September 5, 2023
Impact: Potential restrictions on further exports this year could impact Chilean producers, while U.S. domestic industries may benefit from reduced competition temporarily.
U.S. Customs Updates Monitoring of Quantitative Limits with Chile
U.S. Customs and Border Protection announced enhanced tracking mechanisms for imports from Chile under U.S. note 16 to ensure compliance with specified quantitative limits.
August 20, 2023
Impact: Stricter monitoring may slow down import processes, potentially causing delays for Chilean exporters and affecting supply chains in the short term.
Policy Updates
Annual Review of U.S.-Chile FTA Quantitative Limits
The U.S. Trade Representative's office confirmed that the quantitative limits under U.S. note 16 for trade with Chile will remain unchanged for the 2023-2024 period, following bilateral consultations.
