Some 134 kind of products will be added to the duty-free list this year under a Free Trade Agreement (FTA) between Chile and the United States, the government said.
The measure will be scrapped on Jan. 1, 2015 when the bilateral trade becomes 100 percent duty-free, according to a report of the Directorates of International Economic Affairs (DIRECON) entitled "Evaluation of the 7 years of FTA between Chile and the United States."
The FTA, signed on June 6, 2003 and effective since Jan. 1, 2004, has allowed a cumulative growth of 61.3 percent in the two-way trade from 2004 to 2009, with a yearly average increase of 10 percent.
According to the DIRECON report, Chile has become the fifth-largest Latin American goods supplier for the United States, with expanding goods and services access to the U.S. market and increasing opportunities for Chilean exporters, especially in nontraditional sectors.
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