At the II Summit of the Americas, held in Santiago, Chile in April 1998, the governments of Chile and the Central American countries - Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, announced their intent to negotiate a free trade agreement. Negotiations were launched in Managua, Nicaragua in August of that year, and, after five rounds of negotiations, the agreement was signed on 18 October, 1999 in Guatemala City, Guatemala.

The agreement consists of a common set of disciplines, applicable to the relationship between Chile and each of the Central American countries, with bilateral protocols negotiated subsequently between Chile and each Central American country. As such, the agreement would enter into force in stages as bilateral negotiations concluded.

Documents relating to the negotiations
01 September 1999	Conclusion of normative part of the free trade agreement between Central America and Chile
17 August 1998	Launch of negotiations of free trade agreement between Chile . and the Central American countries
Source:  Ministerio de Comercio Exterior de Costa Rica (COMEX); Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON)

The Chile-Costa Rica bilateral protocol, signed on 18 November 1999, was the first of the bilateral protocols to enter into force, on 15 February 2002.

The Chile - El Salvador bilateral protocol, signed on 20 November 2000, entered into force on 3 June 2002.

On 22 November 2005 Honduras and Chile concluded their bilateral negotiations and initiated internal procedures for the ratification and entry into force of the agreement. The Chile-Honduras bilateral protocol entered into force on 18 July 2008. Chile and Guatemala concluded negotiations on 14 September 2007. On 07 December 2007 they signed their bilateral protocol.

On 23 February 2011, Chile and Nicaragua signed the corresponding bilateral protocol, completing the series of bilateral protocols signed between Chile and Central America under the framework of the FTA. The exchange of ratification instruments between Chile and Nicaragua -the final bilateral step in the process- took place on 24 September 2012. Free trade between Chile and Nicaragua is expected to become effective on 19 October 2012.

Documents relating to entry into force
24 September 2012	Chile-Nicaragua Bilateral Protocol to enter into force on 19 October 2012
23 February 2011	Chile and Nicaragua sign bilateral brotocol
22 February 2010	Chile-Guatemala bilateral protocol expected to enter into force in March 2010
18 July 2008	Chile-Honduras bilateral protocol enters into force
07 December 2007	Chile and Guatemala sign bilateral protocol
14 September 2007	Chile and Guatemala conclude negotiations
03 August 2007	Chile and Guatemala continue negotiations of a bilateral protocol
18 June 2007	Chile and Guatemala continue negotiations of a bilateral protocol
22 November 2005	Honduras and Chile conclude bilateral free trade agreement negotiations
03 June 2002	Chile-El Salvador bilateral protocol
14 February 2002	Chile - Costa Rica free trade agreement enters into force on 15 February 2008
	Chile-Costa Rica bilateral protocol
31 July 2001	Chilean Parliament approves Chile-Costa Rica free trade agreement
Source:  Ministerio de Comercio Exterior de Costa Rica (COMEX); Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON)

Chapter 18 of the Agreement creates a Free Trade Commission, comprised of ministers, which objective is to oversee the implementation of the agreement. On November 3 to 6, 2020, a series of bilateral meetings were held within the framework of the FTA Administrative Commission to analyze the implementation of the Agreement and the Bilateral Protocols between Chile and Costa Rica, El Salvador, Honduras, Guatemala and Nicaragua.

Documents relating to the implementation 03-06 November 2020 Meetings within the framework of the Administrative Commission of the Chile-Central America FTA 27-28 September 2018 Costa Rica and Chile advance in their implementation of the agreement 13 June 2017 Meeting of the Free Trade Commission 15 December 2014 Nicaragua. Meeting of the Free Trade Commission 26 November 2004 Meeting of Free Trade Commission (Chile, Costa Rica and El Salvador) 03 September 2004 San José, Costa Rica. IV meeting of the Free Trade Commission Source:  Ministerio de Comercio Exterior de Costa Rica (COMEX)

The Commission has issued a number of decisions relating to the implementation of the agreement.

Decisions of the Free Trade Commission
21 June 2017	Decision No. 39. Establishment of the Rules and Procedures of the Subcommittee on Free Trade and the Secretariat of the Agreement
30 August 2017	Decision No. 38 – Adoption of the Guideline for the application of Article 4.14 (Transshipment and direct dispatch or internal transit) between Guatemala and Chile
29 June 2016	Decision No. 37 - Adoption of the Guideline on the application and interpretation of Article 4.14 (Transshipment and direct dispatch or internal transit) and Article 5.06 (Billing by a third country operator)
18 October 2013	Decision 36. Incorporation of Nicaragua to the Rules of Origin Committee
18 October 2013	Decision 35. Adaptations to Annex 4.03, Section B
18 October 2013	Decision 34. Adoption of Rules and Procedures of the Free Trade Commission by Nicarauge
18 October 2013	Decision 33. Incorporation of Nicaragua to the Free Trade Commission
18 October 2013	Decision 32. List of Arbitrators in Article 19.09 and 19.10
17 October 2013	Decision 31. Adjustments to Annex 4.03, Section C
17 October 2013	Decision 30. Adjustments to Annex 4.03, Section C
16 October 2013	Decision 27. Adjustments to Annex 4.03, Section C
29 August 2012	Decision 26. General Procedure to Send and Receive Certificates of Origin
27 September 2011	Decision 24. List of Arbitrators Established in Article 19-09
21 August 2012	Decision 23. Adjustments to Annex 4.03
21 August 2012	Decision 22. Adjustments to Annex 4.03
27 September 2011	Decision 21. Adjustments to Annex 4.03, Section B
27 September 2011	Decision 20. Creation of the Rules of Origin Committee
27 September 2011	Decision 19. Adoption of Rules and Procedures of the Free Trade Commission by Guatemala and Honduras
27 September 2011	Decision 18. Incorporation of Guatemala and Honduras to the Free Trade Commission
22 January 2008	Decision 17. List of Arbitrators Established in Article 19-09
21 January 2008	Decision 16. Amendments to the Preferential Tariff Programs
5 December 2006	Decision 15. Amendments to Annex to Article 4.03 Section B-Specific Rules of Origin
5 December 2006	Decision 14. List of Arbitrators Established in Article 19-09
5 December 2006	Decision 13. Amendments to Annex to Article 4.03
4 December 2006	Decision 12. Amendments to tariff preferences
4 December 2006	Decision 11. Amendments to Annex to Article 4.03 Section C-Specific Rules of Origin
26 November 2004	Decision 10. Establishment of a consultative committee on private trade disputes set out in Article 19-21
26 November 2004	Decision 9. Approval of model rules of procedure established in Article 19.12 (model rules of procedure) and 19.10 (code of conduct)
26 November 2004	Decision 8. Approval of the list of arbitrators set out in Article 19.09 (List of arbitrators) and 19.10 (qualities of the arbitrators)
24 November 2004	Decision 7. Approval of the rules and procedures of the Free Trade Commission
04 October 2004	Decision 6. Chile grants El Salvador a quota of one thousand five hundred metric tonnes of sugar (trade classifications 1701.91 and 1701.99) with a tariff of zero in 2005
05 October 2004	Decision 5. Chile grants Costa Rica a quota of one thousand five hundred metric tonnes of sugar (trade classifications 1701.91 and 1701.99) with a tariff of zero in 2005
29 April 2004	Decision 4. Chile grants El Salvador a quota of one thousand five hundred metric tonnes of sugar (trade classifications 1701.91 and 1701.99) with a tariff of zero in 2004
	Decision 3. Incorporates El Salvador into the Free Trade Commission, the Free Trade subcommission and the Secretariat of the Chile-Central America free trade agreement
29 April 2004	Decision 2. Chile grants Costa Rica a quota of one thousand five hundred metric tonnes of sugar (trade classifications 1701.91 and 1701.99) with a tariff of zero in 2004
12 April 2002	Decision 1. Constitution of the Free Trade Commission, the Free Trade subcommission and the Secretariat
Source:  Ministerio de Comercio Exterior de Costa Rica (COMEX); Ministerio de Economía, Guatemala; Servicio Nacional de Aduanas, Chile

• Dirección General de Relaciones Económicas Internacionales (DIRECON), Chile
• Ministerio de Comercio Exterior de Costa Rica (COMEX)
• Ministerio de Economía, Guatemala
• Servicio Nacional de Aduanas, Chile