Australia–Chile Free Trade Agreement

[1] The agreement was intended to go into effect on January 1, 2009, but was delayed due to Chile not being able to finish its ratification in time.

Australia is the fourth largest provider of foreign direct investment in Chile with over A$3 billion in 2007.

[4] The tariffs in Australia, that will stay in place until 2015, will be relating to textile and the clothing industry along with table grapes.

In Chile, the agreement will protect the textile and clothing industry and some other manufactured products.

[6] Simon Crean, Australia's Minister for Trade, responded to the farmers concerns by stating that tariffs are quite low or in some cases nonexistent due to previous international trade agreements.