Mexico and Chile Strengthen Their Free Trade Agreement

Mexico and Chile have decided to strengthen their trade relationship through new initiatives in cooperation, investment, and the development of regional value chains, during the 16th meeting of the Free Trade Commission (FTC) under the Free Trade Agreement (FTA) between the two countries.

At the meeting led by Luis Gutiérrez, Mexico’s Undersecretary of Foreign Trade, and Paula Estévez, Chile’s Undersecretary of International Economic Relations, the participants analyzed trends in trade and investment flows and identified opportunities to strengthen bilateral economic integration.

Similarly, the creation of a mechanism for exchanging trade statistics was proposed, with the aim of examining the implementation of existing agreements and generating information to support trade policy decision-making.

The delegations agreed to continue working to identify opportunities for the development of global and regional value chains. The agenda includes strengthening technical and economic cooperation and capitalizing on the complementarity of production between the two markets.

Gutiérrez emphasized that Mexico and Chile have strengthened their trade relationship and reaffirmed their commitment to a more competitive and inclusive economic integration, based on fully harnessing the potential of the treaty, strengthening cooperation and trade facilitation mechanisms, and creating conditions that help generate greater opportunities for businesses, workers, and consumers in both nations.

The 16th Free Trade Commission also addressed regulatory, sanitary, and phytosanitary issues of mutual interest. Through these agreements, Mexico and Chile seek to strengthen the institutional processes of the FTA and move toward an economic relationship characterized by greater productive integration, competitiveness, and value creation.