The Canada-Chile Free Trade Agreement (CCFTA) and its parallel agreements on Environment and Labour cooperation came into force 25 years ago in July 1997.
It was Canada’s first free trade agreement with a country in Central or South America.
In a statement Canada’s Minister of International Trade, Mary Ng, said: “This anniversary is an opportunity to reflect on all that our two countries have accomplished through the CCFTA. Since 1997, bilateral merchandise trade between our countries has quadrupled to $3 billion.
The stock of Canadian direct investment has grown more than five-fold to reach $23.1 billion, making Canada the second most important foreign investor in Chile with investments across sectors including financial services, energy, infrastructure, mining and agriculture.”