US-Chile Free Trade Agreement

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The US-Chile Free Trade Agreement was signed on June 6, 2003, ratified by the U.S. House of Representatives on July 24, 2003 by a vote of 270-156, and ratified by the U.S. Senate on July 31, 2003 by a vote of 65-32.[1] President George W. Bush signed into law the United States-Chile Free Trade Agreement Implementation Act on September 3, 2003. [2] The pact was implemented by both countries on January 1, 2004.

[edit] Views in favor of U.S.-Chile FTA

Proponents of the US-Chile FTA claim that the reduction in trade barriers brought on by the pact will lead to an increase in trade between the two countries.

[edit] Views opposed to the U.S.-Chile FTA

Opponents of the US-Chile FTA claim that it will worsen Chile's over-dependence on scarce natural resource exports, and contribute to woresening inequality in both countries.