Chile and New Zealand have enjoyed a trade partnership for many years. Both countries recognize the mutual benefits of expanding their trade relationship and have been working towards signing a comprehensive agreement that will enable them to deepen and broaden their bilateral economic cooperation.
The negotiations for a trade agreement between Chile and New Zealand started in 2017, and after several rounds, the two countries finally reached an agreement in late 2018. The agreement aims to eliminate tariffs, facilitate investment, and enhance services trade between the two countries.
The deal covers a wide range of products and services, including agricultural products, seafood, wine, forestry, and technology. New Zealand is looking to increase its exports to Chile, which is a growing market for its products. Chile, on the other hand, is looking to expand its exports to New Zealand, particularly in the area of fruit and wine.
One of the key benefits of the Chile-New Zealand trade agreement is the elimination of tariffs on a wide range of goods. This means that businesses in both countries will have better access to each other`s markets and will be able to sell their products at more competitive prices. Furthermore, the agreement will provide greater certainty and transparency for businesses investing in either country.
The agreement also includes provisions for intellectual property, e-commerce, and telecommunications. These provisions will make it easier for businesses in both countries to protect their intellectual property rights and access digital technologies and services.
In addition to the economic benefits, the Chile-New Zealand trade agreement represents a significant step forward in the broader context of international trade. The agreement is an example of how countries can work together to establish mutually beneficial trade relations, even in the face of protectionist sentiment and a challenging global trade environment.
In conclusion, the Chile-New Zealand trade agreement is an important milestone in the trade relationship between the two countries. The agreement will provide significant economic benefits for both Chile and New Zealand and demonstrates the value of international cooperation in achieving shared economic goals. As the world becomes increasingly interconnected, it is important for countries to continue to strengthen their trade relationships and pursue opportunities for greater economic integration.