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United States – Chile Free Trade Agreement

United States – Chile Free Trade Agreement. Executive Office of the President Office of the United States Trade Representative. Competitive Liberalization The Concept. Promote free trade through multiple initiatives: Global Regional Bilateral

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United States – Chile Free Trade Agreement

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  1. United States – Chile Free Trade Agreement Executive Office of the President Office of the United States Trade Representative

  2. Competitive LiberalizationThe Concept • Promote free trade through multiple initiatives: • Global • Regional • Bilateral • Moving on multiple fronts allows the United States to: • Help U.S. workers, exporters, consumers • Encourage openness

  3. US-CHILE FTA WIN-WIN, STATE-OF-THE-ART TRADE AGREEMENT FOR A MODERN ECONOMY IT IS: COMPREHENSIVE TRANSPARENT MODERN INNOVATIVE

  4. Comprehensive Trade in Goods All tariffs and quotas on goods eliminated – no exceptions. Trade In Services Broad Commitments to Open Services Markets New Opportunities for U.S. Banks, Insurance, Securities and Related Services Government Procurement New Precedent s for Hemisphere

  5. Transparent Ground-Breaking Customs Procedures Streamlined Rules of Origin Anticorruption Procurement Rules Unprecedented openness in Dispute Settlement

  6. Modern Intellectual Property Rights (IPR) State-of-the-Art Protection in the Digital Age Protection Expanded Patents & Trade Secrets Tough Penalties for Piracy and Counterfeiting Electronic Commerce Free Trade in the Digital Age Express Delivery

  7. Innovative Labor and Environment Obligations inside the agreement Core obligations effectively enforceable Equivalent dispute settlement procedures Innovative use of fines Extensive cooperation to protect worker rights and the environment •

  8. Competitive LiberalizationHemispheric Goals Free Trade Area of the Americas (FTAA) • 34 participants in Western Hemisphere • Target for completion: January 2005 • U.S. and Brazil are now co-chairs • Next ministerial meeting: Miami, November 2003 Building Blocks • US – Chile FTA • CAFTA • Launched January 2003; target end – 2003 • Second Round: Cincinnati, Ohio, February 24-28 Trade Capacity Building

  9. FTAA: MOVING FORWARD • Market Access Offers by February 15 in 5 Key Areas • Consumer and industrial goods • Agriculture • Services • Investment • Government Procurement • US Leadership • Comprehensive: All tariffs on table • Bold: Encourages others to be ambitious • Pragmatic: Recognizes differences in economies

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