Entered into at Santiago, on 17 April, 1998, enacted in Chile through Supreme Decree Nº 1101 issued by the Ministry of Foreign Affairs on 7 July, 1999 and published in the Official Gazette on 31 July, 1999. The Agreement came into effect on 1 August, 1999.

This Free Trade Agreement replaced the Economic Complementarity Agreement Nº 17 subscribed with Mexico on 22 September, 1991, and was not negotiated under the Asociación Latinoamericana de Integración, ALADI, which places this Agreement, along with the Agreement subscribed with, within the so called new generation Agreements.

This Free Trade Agreement governs various disciplines, similar to the Agreement with Canada.

The Agreement is divided in six parts. The first contains general aspects and definitions; The second refers to trade in goods and covers matters related to national treatment, market access, rules of origin, customs procedures and safeguard measures. Annex 4.03 provides for Specific Rules of Origin. The third part covers technical rules, such as sanitary and phytosanitary rules and other standards; the fourth is related to investments, services and related matters; the fifth details the application of intellectual property rights and finally, the sixth part contains administrative and institutional provisions.

Chapter 4 of the Agreement provides for rules of origin and Chapter 5 develops origin related customs procedures.

Under the Free Trade Agreement with Mexico, large part of the tariff table has 100% tariff preference. Only 100 products bear various levels of taxes, which are detailed in Annex 3-04(4). Some of these products have percentual tax rebates (42 products) and others are not (58). Additionally, some goods are subject to quotas, such as non-originating apples and automobiles under heading 8703.

» Text of the Agreement