{ "id": "RL31144", "type": "CRS Report", "typeId": "REPORTS", "number": "RL31144", "active": false, "source": "EveryCRSReport.com, University of North Texas Libraries Government Documents Department", "versions": [ { "source": "EveryCRSReport.com", "id": 100971, "date": "2003-09-10", "retrieved": "2016-04-08T14:38:17.430544", "title": "The U.S.-Chile Free Trade Agreement: Economic and Trade Policy Issues", "summary": "On June 6, 2003, the United States and Chile signed a long anticipated bilateral free trade\nagreement\n(FTA) in Miami, Florida, concluding a 14-round negotiation process that began on December 6,\n2000. Following hearings before the House Ways and Means, Senate Finance, and both Judiciary\nCommittees, the House passed the U.S.-Chile Free Trade Implementation Act ( H.R. 2738 ) by a vote of 270 to 156, followed by the Senate one week later, 66 to 31. President George\nW. Bush signed the bill into law on September 3, 2003 ( P.L. 108-77 ) and it will take effect on\nJanuary 1, 2004.\n Chile has now joined a select group of only five other countries that have an FTA with the\nUnited States (Canada, Mexico, Jordan, Singapore, and Israel). Although many point to the potential\nfor trade growth between the two countries, the significance of this FTA runs deeper: 1) it is the first\nagreement with a South American country; 2) it is an agreement with one of the most open and\nreformed economies in Latin America; 3) it exemplifies how trade policy issues, including those\nwith social and economic implications, can be resolved between a small developing country and a\nlarge developed one; and, 4) it may prove to be a step toward completing the Free Trade Area of the\nAmericas.\n The FTA allows increased market access, with 85% of bilateral trade in consumer and industrial\nproducts eligible for duty-free treatment immediately, and other product tariff rates being reduced\nover time. Some 75% of U.S. farm exports will enter Chile duty-free within four years and all duties\nwill be fully phased out within 12 years after implementation of the agreement. For Chile, 95% of\nits export products gain duty-free status immediately and only 1.2% fall into the longest 12-year\nphase-out period. Other critical issues resolved included environment and labor provisions, more\nopen government procurement rules, increased access for services trade, greater protection of U.S.\ninvestment and intellectual property, and creation of a new e-commerce chapter. The trade remedies\nchapter is limited to safeguards so there is no change to the antidumping and countervailing duty\noptions currently available to both countries.\n The bilateral negotiation was a challenging exercise for both countries and although a\nbroad-based agreement was struck, a few issues were controversial for many Members of Congress,\nas expressed at hearings in both the House and the Senate. Overall, because there are now multiple\nFTAs being contemplated, there was an overarching concern that provisions in the Chile FTA might\nbecome a \"template\" for others that follow. In particular, attention turned to language governing\ndispute resolution treatment of labor provisions, and financial transfers (capital controls), as well as\nthe temporary entry for business persons. These and other issues are discussed in this report, which\nprovides background and analysis on Chile's economy, trade relations, and the bilateral FTA. \nBecause Congress has completed action on this FTA and it has become law, this is the final version\nof the report.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "HTML", "encoding": "utf-8", "url": "http://www.crs.gov/Reports/RL31144", "sha1": "d90943fd76cab6535d8ff0225ec84f3fc5b09a51", "filename": "files/20030910_RL31144_d90943fd76cab6535d8ff0225ec84f3fc5b09a51.html", "images": null }, { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RL31144", "sha1": "0edc485e9c6d011e315d8c0c30e5f46e6fb6be68", "filename": "files/20030910_RL31144_0edc485e9c6d011e315d8c0c30e5f46e6fb6be68.pdf", "images": null } ], "topics": [] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metacrs5578/", "id": "RL31144 2003-07-25", "date": "2003-07-25", "retrieved": "2005-06-12T11:59:09", "title": "The U.S.-Chile Free Trade Agreement: Economic and Trade Policy Issues", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20030725_RL31144_4bf0c907f610da9d30e4e790c933d77c03f14140.pdf" }, { "format": "HTML", "filename": "files/20030725_RL31144_4bf0c907f610da9d30e4e790c933d77c03f14140.html" } ], "topics": [ { "source": "LIV", "id": "Trade", "name": "Trade" }, { "source": "LIV", "id": "Trade agreements - Chile - U.S.", "name": "Trade agreements - Chile - U.S." }, { "source": "LIV", "id": "Trade agreements - U.S. - Chile", "name": "Trade agreements - U.S. - Chile" }, { "source": "LIV", "id": "International affairs", "name": "International affairs" } ] }, { "source": "University of North Texas Libraries Government Documents Department", "sourceLink": "https://digital.library.unt.edu/ark:/67531/metadc820160/", "id": "RL31144_2003Feb03", "date": "2003-02-03", "retrieved": "2016-03-19T13:57:26", "title": "The U.S.-Chile Free Trade Agreement: Economic and Trade Policy Issues", "summary": null, "type": "CRS Report", "typeId": "REPORT", "active": false, "formats": [ { "format": "PDF", "filename": "files/20030203_RL31144_d970b5fbc89b5bc7474edcce017f9e59adf6a8df.pdf" }, { "format": "HTML", "filename": "files/20030203_RL31144_d970b5fbc89b5bc7474edcce017f9e59adf6a8df.html" } ], "topics": [] } ], "topics": [ "Domestic Social Policy", "Foreign Affairs", "Immigration Policy" ] }