ABSTRACT

U.S.-Chile Free Trade Agreement: Economic and Trade Policy Issues [Updated July 25, 2003]   [open pdf - 979KB]

"On June 6, 2003, the United States and Chile signed a long anticipated bilateral free trade agreement (FTA) in Miami, Florida, concluding a 14-round negotiation process that began on December 6, 2000. The House Ways and Means and Senate Finance Committees held informal markups on the draft implementing legislation on July 10, 2003. On July 15, the U.S.-Chile Free Trade Agreement Implementation Act (H.R. 2738/S. 1416) was sent to Congress. The next day, the House and Senate Judiciary Committees approved the bill by voice vote. On July 17, the House Ways and Means and Senate Finance Committees also approved it by voice vote. On July 24, the House debated and passed H.R. 2738 (270-156). The Senate is expected to debate and vote on the companion bill, S. 1416, the week of July 28. [] The bilateral negotiation was a challenging exercise for both countries and although a broad-based agreement was struck, there are a few issues that remain somewhat unsettling for many Members of Congress, as expressed at hearings in both the House and the Senate. Overall, because there are now multiple FTAs being contemplated, there is a concern over the implications of one bilateral becoming a 'template' for others that follow. In the case of the U.S.-Chile FTA, attention is focused on language governing dispute resolution treatment of labor and financial transfers, as well as the temporary entry for business persons. These and other issues are discussed in this report, which provides background and analysis on Chile's economy, trade relations, and the bilateral FTA. It will be updated periodically."

Report Number:
CRS Report for Congress, RL31144
Author:
Publisher:
Date:
2003-07-25
Copyright:
Public Domain
Retrieved From:
U.S. Dept. of State, Foreign Press Centers: http://fpc.state.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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