OAS

 
Chile-Republic of Korea
Text of the agreement
  Background and Negotiations
   

Chile and Korea announced their intent to negotiate a free trade agreement at the APEC leaders meeting held in Auckland, New Zealand in 1999. They held six rounds of negotiations and frequent technical meetings. The last round of negotiations took place in Geneva on October 17 - 21, 2002. The agreement was signed on 15 February 2003.

During the Ninth meeting of the Free Trade Commission of the Chile-Korea FTA, held on 23 July 2015, representatives of Chile and South Korea discussed ways to further enhance their FTA which was signed 11 years ago. In that occassion, the parties advanced towards the definition of the steps and stages that will lead to deepen their trade agreement. Likewise, they agreed on a tentative meeting to be held in November 2015 with the aim of defining the terms of reference of the process of deepening the agreement. On July 13, 2016 Chile and Korea agree to move forward to deepen the Chile-Korea FTA. The main areas of negotiation will inculde, inter alia, market access, services, investment and probably electronic commerce.

On November 18, 2016, Chile and South Korea signed a Joint Declaration to begin the deepening of their FTA.

Documents relating to the negotiations
18 November 2016 Lima, Peru. Chile and South Korea signed a Joint Declaration to begin the deepening of their FTA Spanish PDF new!
13 July 2016 Seoul, South Korea. Chile and Korea agree to move forward with the deepening of the Chile-Korea FTA SpanishPDF
23 July 2015 Chile and Korea agree to upgrade the Chile-Korea FTA SpanishPDF
15 February 2003 Chile and the Republic of Korea sign free trade agreementPDF
24 October 2002 Conclusion of the negotiations between Chile and Korea for an FTA SpanishWord
Source: Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON); Ministry of Foreign Affairs and Trade, Korea

  Entry into Force
   

The Chilean Senate and the South Korean Parliament approved the agreement on 22 January 2004 and 16 February 2004, respectively. After the Parties exchanged written notifications certifying the completion of the required legal procedures, the agreement entered into force on 1 April 2004.

Documents relating to entry into force

25 February 2004 Korea-Chile FTA to enter into force on 01 April 2004PDF
16 February 2004 South Korean parliament approves FTA SpanishPDF
22 January 2004 Chilean Senate approves FTA, completes legislative procedures SpanishPDF
08 July 2003 Korea-Chile FTA submitted to national assembly for ratificationPDF
Source: Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON); Ministry of Foreign Affairs and Trade, Korea

 

Implementation of the Agreement

   

Article 18.1 of the Chile-Korea Free Trade Agreement establishes a Free Trade Commission and sets out its functions and responsibilities, which include supervising the implementation and application of the Agreement; evaluating the results of the Agreement; supervising the work of committees and working groups, ensuring that, with regard to public enterprises and enterprises to which special rights have been granted, no trade-distorting measure is enacted. The Agreement also provides for the establishment of several working groups.

The first meeting of the Free Trade Commission took place in Santiago, Chile on 10 June 2004. The second took place in Seoul, Korea on 3 June 2005.

On November 18, 2005, Chile and Korea signed the Agreement for Cooperation and Mutual Assistance on Customs Issues between Chile and Korea. This agreement entered into force on February 1, 2006,

Documents relating to entry into force

20 December 2005 Decree 375. Approves the Agreement for Cooperation and Mutual Assistance on Customs Issues between Chile and Korea SpanishPDF
03 June 2005 Seoul, Korea. Second meeting of the Free Trade Commission SpanishPDF
12 April 2005 Decree 85. Modifies paragraph 5 of article 5.4 of the Spanish text of the Chile -Korea FTA SpanishPDF
10 June 2004 Santiago, Chile: First meeting of the Free Trade CommissionPDF
10 June 2004 Decision No 1/2004 of the Free Trade CommissionPDF
  Annex: Rules of Procedure of the Free Trade CommissionPDF
09 June 2004 Decree 139. Approved uniform regulations to interpret, apply, and administer Chapters 3, 4 and 5 of the Free Trade Agreement and the agreement to modify Annex II (c), section 8 SpanishPDF
Source: Dirección General de Relaciones Económicas Internacionales, Chile (DIRECON); Ministry of Foreign Affairs and Trade, Korea

  Related Articles and Studies
   
April 2014 DIRECON. Evaluación de las relaciones comerciales entre Chile y Corea a diez años de la entrada en vigencia del Tratado de Libre Comercio Spanish PDF
April 2012 DIRECON. Evaluación de las relaciones comerciales entre Chile y Corea a ocho años de la entrada en vigencia del Tratado de Libre Comercio Spanish PDF
April 2011 DIRECON. Evaluación de las relaciones comerciales entre Chile y Corea a siete años de la entrada en vigencia del Tratado de Libre Comercio Spanish PDF
April 2010 DIRECON. Evaluación del Sexto Año de Vigencia del Tratado de Libre Comercio entre Chile y Corea Spanish PDF
April 2009 DIRECON. Evaluación del Quinto Año de Vigencia del Tratado de Libre Comercio entre Chile y Corea Spanish PDF
April 2008

DIRECON. Evaluación del Cuarto Año de Vigencia del Tratado de Libre Comercio entre Chile y Corea SpanishPDF

2008 DIRECON. Fourth Anniversary of the Korea-Chile FTA: An Assessment of the results PDF
2007 DIRECON. Evaluación del Tercer Año de Vigencia del Tratado de Libre Comercio entre Chile y Corea Spanish PDF
April 2006 DIRECON. Evaluación del Segundo Año de Vigencia del Tratado de Libre Comercio entre Chile y Corea SpanishPDF
March 2005 DIRECON. Evaluación del Primer Año de Vigencia del Tratado de Libre Comercio entre Chile y Corea SpanishPDF
August 2004 DIRECON. Tratado de Libre Comercio entre Chile y Corea SpanishPDF
February 2004 DIRECON. Tratado de Libre Comercio Chile-Corea SpanishPDF
February 2004 DIRECON. Antecedentes del TLC con la República de Corea SpanishPDF

  Sources
   
 

Spanish version 
Recent Developments
  18 November 2016. Chile and South Korea signed a Joint Declaration to begin the deepening of their FTA new!

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