Chile FTA And SPARTECA TCF Local Content Changes

Chile FTA

You will recall earlier information from us on the provisions of the Chile FTA ("FTA") . At the same time a number of you would have attended CBFCA Member Forums during the last half of 2008 in which we provided an outline on the FTA and the provisions of the Australian legislation implementing the FTA. You will also recall from the update of late last year that the intended commencement of the FTA had been delayed to allow Chile to pass its corresponding domestic legislation to implement the FTA.

DFAT has now confirmed that Chile has passed its domestic legislation and the 2 nations have exchanged Diplomatic Letters to the effect that the FTA will commence on 6 March 2009.