The P4 FTA between New Zealand, Singapore and Brunei Darussalam entered into force in Chile on 8 November 2006.

An important aspect of this agreement is the fact that it strengthens the APEC forum since it has the potential to grow to include other nations. This would allow a significant strategic alliance within the Asia-Pacific region.

94.5% of Chilean exports to New Zealand become free of tariff at moment of entry into force of the agreement, while 74.6% of the products from the new partners will have immediate access free of tariff. 4% will become free of tariff rate after 3 years, 10.9% in 6 years, while 3.1% of products will be tariff-free in 10 years; some products such as diary products have a tariff schedule of 12 years.

Trade exchange with New Zealand reached USD 67 million in 2005; exports reached USD 26 million while imports reached USD 41 million. Among the main products exported are food preparations for animals, grapes and wood, among others; while Bituminous coal for thermo use, machinery, diary products and protein, among others, are the main imported products.

Chilean products with the larger growing potential in those markets are swine and poultry meat, sea urchin, bee honey, oats, fish oil, mollusks, fish meal, salmon, wines, among others.

Among the P4 partners, Singapore is undoubtedly the country Chile generates the largest trade exchanges, and in 2005 reached USD 104 million where 73 million were for exports and 31 million for imports. Among the main exported products form Chile are copper and frozen and canned sea products, while radio devices, discs and DVDs are among the main imported products from Singapore.

An essential matter of the Agreement is that it opens important expectations for co-operation and technologic transfer, invest and development, commercialization and distribution of products into new markets. For example, New Zealand and Chile have similar interests in productive areas, where joint ventures would obtain a wide range of benefit since this FTA covers this possibility in areas of investigation and development.

Singapore, a country which as achieved an important expertise in services and which has the second major seaport in the world, will provide experience in business platform since it re-exports 50% of cargo, with associated distribution centers, a topic which is relevant for Chile taking into account that Chile is willing to become and investment platform and operational center for companies from Asia in Latin America.

Text of the Agreement