In 1999 a free trade agreement was signed with Central America (El Salvador, Honduras, Costa Rica and Guatemala). The free trade treaty between Chile and EFTA (Iceland, Norway, Switzerland and Liechtenstein) came into force on 1 December 2004. Free trade agreements with Canada and Mexico came into force respectively in 1997 and 1998. They were then followed by the one with the United States, which came into force in 2004. This latter agreement has stimulated trade significantly, without having any noteworthy influence on FDI flows. The agreement of association EU/Chile, called "fourth generation" because of its wide field of application (political, economic, commercial and cooperation chapters) is the most ambitious agreement concluded up to now, as it includes commitments to liberalize services especially financial services, and measures concerning investment (pre-establishment). Since 1 May 2004 the free trade treaty with South Korea has been in force. The free trade treaty between China and Chile came into force on 1 October 2006. In September 2007, a free trade treaty came into force with Japan (Chile's third top trade partner. The last free trade treaty) and another free trade treaty between Chili and Australia came into force in March 2009. The country have signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).
Chile is part of the Pacific Alliance.
The SMU Group is the leader in wholesale, with over 50% market share (supermarkets Mayorista 10 and Alvi Club Mayorista).
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Last Updates: January 2015