Free Trade Agreement between the Republic of Turkey and the Republic of Chile was signed on 14 July 2009 inSantiago and entered into force on 1 March 2011.

With Turkey-Chile FTA, tariff and non-tariff barriers for trade were eliminated in trade between the Parties. Also, Agreement regulates numerous subjects such as sanitary and phytosanitary measures, technical barriers to trade, intellectual property, rules of origin, internal taxation, anti-dumping and countervailing measures, safeguards, and balance of payments measures.

Other than limited number of products listed under Annex III of the Agreement, Turkey eliminates the customs duties on industrial goods originating in Chile upon the entry into force of this Agreement. Customs duties on imports into Chile for industrial goods originating in Turkey were abolished upon the entry into force of this Agreement, except for the goods listed in Annex II and Annex III.  Regarding the goods listed in Annex II, customs duties on imports into Chile for industrial goods originating in Turkey eliminated gradually until 1 January 2015.  Products listed in Annex III, consisting of retreated and used tires, are excluded from liberalization under the Agreement.

Concerning agricultural products, Turkey, granted duty reduction or exemption from customs duties on seasonal basis and/or in the form of tariff quotas for certain products, in return Chilean Side will gradually eliminate tariffs on imports into Chile for agricultural goods originating in Turkey until 1 January 2017 without any quota limitations, except for a limited number of products. Reciprocal concession lists for agricultural products are laid down in Annex IV of the Agreement.

The products which will benefit from the preferential tariffs should fulfill the rules of origin set out in Annex V of the Agreement.

Trade volume between Turkey and Chile was realized as 520 million US$ in 2017. In 2017, imports from Chile were 265 million US$, whereas Turkey’s exports to Chile were 255 million US$.