Minister Ng welcomes 25th anniversary of Canada-Chile Free Trade Agreement

July 5, 2022

The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, today issued the following statement:

“Canada is pleased to celebrate 25 years since the landmark Canada-Chile Free Trade Agreement (CCFTA) and its parallel agreements on Environment and Labour cooperation came into force. As Canada’s first free trade agreement with a country in Central or South America, it stands as the cornerstone of our strong and growing trade and investment relationship.

“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.

This is an excerpt from the Global Affairs Canada News Release.

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Global Affairs Canada (GAC)

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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