UK firms up trading relationship with Chile

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

The UK has looked to sure-up its trading relationship with Chile after the signing of a new trade continuity agreement.

Signed by Jamie Bowden, Ambassador to Chile an the Chilean Foreign Minister Roberto Ampuero on 30th January, the deal will see companies and consumers cotinue to benefit from preferental trading arrangements after Brexit.

Trade in goods and services between the two nations has been steadily growing for over a decade, with near 9% annual average growth since the initial agrement was agreed back in 2003.

This continuity agreement will ensure that the relationship continues to prosper with UK expots to Chile having grown some 351%.

The news will be particularly sweet for anyone who bougfht one of the 105 million bottles of Chilean wine sold in the UK last year, with the deal meanning no new tarrifs being itnrduced after the UK leaves the EU.

As well as confirming future trading relations, the deal also allows both British and Chilean companies to bid for certain public sector contracts across the Atlantic.

Read more: Nearly half of UK firms not prepared for chaotic Brexit

International Trade Secretary, Liam Fox said of the deal that: “Today we have signed an important trade continuity agreement as we prepare to leave the European Union. This will ensure there is no disruption to British business exporting to Chile after we leave the EU and will mean consumers continue to benefit from low prices and more choice on supermarket shelves.

“Our trading relationship with Chile continues to go from strength to strength, with exports rising over 20% to almost £1 billion last year. This free trade agreement will allow trade to continue as freely as it does currently and will help to strendgthen our trading relationship even further.”

More exporting news & advice

Affiliations & Clients

What our clients say

We were extremely pleased with the final report, which ran to some 450 pages, and covered in detail, country by country the information we required. It was laid out in a clear, concise manner, with logical summaries and inciteful analysis of the key data.

All in all the report has formed an invaluable basis for our decisionmaking process for this project and provides a robust benchmark upon which to gauge our progress.

I would not hesitate to recommend Go Exporting to anyone looking for support in expanding their business internationally.

Latest exporting news

UK firms up trading relationship with Chile

UK firms up trading relationship with Chile

The UK has looked to sure-up its trading relationship with Chile after the signing of a new trade continuity agreement. Signed by Jamie Bowden, Ambassador to Chile an the Chilean Foreign Minister Roberto Ampuero on 30th January, the deal will see companies and consumers cotinue to benefit from preferental trading arrangements after Brexit. Trade in

Read More »
UK businesses not prepared for Brexit

Nearly half of UK firms not prepared for chaotic Brexit

Almost half of UK companies feel they are unprepared for a chaotic exit from the EU according to the Bank of England’s quarterly inflation report. The report, which quizzed 200 businesses about their Brexit preparations and readiness, found that half had begun planning for no deal and no transition, but half said they felt unprepared

Read More »

Free Resources

The 7 Steps to £1m in export sales I learnt the hard way

Learn what it takes to make your first £1m in export sales from someone who’s been there, learnt the pitfalls, overcome the challenges and has the experience you really have to read.

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. 

free export sales guide

Let’s talk about your business

There's no time like the present. FastTrack your international growth today by getting in touch.