United States-Chile Free Trade Agreement
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The United States-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.
- USTR Site on Chile FTA
- American Enterprise Institute 2006 Event: "U.S.-Chile Free Trade Agreement: Building on Success"
[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.
[edit] Other References
- Congressional Research Service Report on "The U.S.-Chile Free Trade Agreement: Economic and Trade Policy Issues"
- Congressional Research Service Report on "Free Trade Agreements with Singapore and Chile: Labor Issues"
- U.S. Senate Finance Committee Hearing on US-Chile FTA
- U.S. House Ways and Means Committee Hearing on US-Chile FTA
- Global Trade Watch discussion paper on Chile FTA and economy
