The United States and Chile share a close relationship based on shared values.
The United States and Chile share a close relationship based on shared values. Both countries also recognize the benefits of working together on issues of common interest, including broad-based economic growth; clean energy development; cooperation on science, technology, and innovation; access to quality education; improved natural resource management, biodiversity conservation, and environmental enforcement; facilitating trade; and travel and tourism.
Both countries also share a strong commitment to expanding economic growth and job creation through integration into global markets.
At a June 4th meeting with U.S. President Barack Obama, Chilean President Sebastian Piñera noted that since the two countries signed a free trade agreement in 2004, trade between them has more than tripled. Today, Chile’s economy is booming.
“Chile has been on a remarkable growth trajectory," said President Barack Obama. “And the progress that it’s made in terms of strengthening its economy, pulling people out of poverty, establishing a strong manufacturing and industrial and service base, its strong exports sector are all proof of the talents of the Chilean people but also Chile’s embrace of democracy and human rights and a market economy. And as a consequence, Chile has become not only a leader in the hemisphere but also a leader in the world.”
An important element of the U.S.-Chile relationship is the Trans-Pacific Partnership, or TPP: a high-standard trade agreement between the United States, Chile and nine other countries that will eliminate barriers to trade and investment, open new markets, and deepen investment ties across the dynamic Pacific region. The TPP could potentially create a trading region with about 26.4 trillion dollars in annual economic output.
“We’ve got strong relationships throughout the hemisphere, but the relationship between the United States and Chile is as strong and as important as any of the relationships that we have,” said President Obama.
The United States is committed to working with Chile to meet its needs for access to energy, enhance the role of renewables, and facilitate continued economic growth.