On January 1, 2004-exactly a decade after the North American Free Trade Agreement went into force-the United States-Chile Free Trade Agreement (US-CFTA) became effective. Using NAFTA as a model, the agreement established a gradual reduction in tariffs and non-tariff barriers, with the finally intention of eliminating tariffs on substantially all trade among the members. More than 90% of the trade in "originating goods" between the U.S. and Chile became duty free immediately after the agreement went into force. Furthermore, trade in "originating goods" will be, as of January 2016, duty free...
On January 1, 2004-exactly a decade after the North American Free Trade Agreement went into force-the United States-Chile Free Trade Agreement (US-CFT...