of Foreign Trade of the Secretariat of Economy, Francisco de Rosenzweig, and
his Chilean counterpart, Andrés Rebolledo Smitmans, Director General of
International Economic Relations of the Ministry of Foreign Affairs of Chile,
chaired the XII Administrative Commission of the Free Trade Agreement between
the United Mexican States and the Republic of Chile, in order to follow up on
the issues of the bilateral trade relationship between the two countries.
A balance was made
in the Administrative Commission about the bilateral relations, in order to
identify mechanisms to increase the trade exchange and investment in both
countries. Also, some issues concerning the Agreement on Rules of Origin,
Sanitary and Phytosanitary Measures, Investment, Air Transport and Trade
Facilitation were reviewed, among others.
As a result of the
meeting, two decisions to the Agreement concerning the "Transposition of
Rules of Origin SA 2002 and SA 2007" and "Direct Expedition and
Transhipment" were signed, same that will have elements of greater
definition in the rules of origin between the two countries.
In the first one,
the rules of origin of the Agreement are updated, to combine them to the
classification and coding systems internationally recognized.
In the second
decision, the foundations were laid in order to allow those goods which are
passing through a third "No Party" country, and into the custody of
the customs authority, still retains the source, so the relevant tariff
preference can be granted. Both decisions are critical to business operators in
the two countries.
Chile is the 3rd
largest trading partner of Mexico among the countries of Latin America and the
Caribbean. Since 1998, when NAFTA came into effect, to 2014, the bilateral
trade has increased more than threefold, to spend from 1,177 billion dollars
(billion dollars) to 3,546 million dollars, representing a growth rate of
average annual equivalent 7.1%.
The Free Trade
Agreement between Mexico and Chile was signed on April 17, 1998 and entered
into force on 1 August, 1999. In addition, Mexico and Chile are members of the Pacific
Alliance, which is an initiative of regional integration, which brings together
a population of 216 million people, with a Gross Domestic Product of $ 2.1
trillion, representing 50% of the total trade in Latin America and the