Francisco Sanchez, partner, and Caroline Howard, associate, both at Holland & Knight: “The U.S.-Chile Free Trade Agreement (FTA) has greatly benefited both countries, helping to quadruple bilateral trade in goods and services to $38 billion in 2021. While this economic benefit has been enjoyed more substantially by Chile, the FTA has been a significant economic and diplomatic tool for the United States. For Chile, the deal has been a boon for exports. The United States is now the second most important export market for Chile’s non-copper products. Specifically, the United States imports 27 percent of Chile’s food exports, including salmon, citrus fruits and organic chemical products. The United States has also become Chile’s second-largest foreign investor, accounting for 10.9 percent of the country’s total foreign direct investment. For the U.S. economy, the FTA facilitated sales of agricultural and construction equipment, information technology products, medical equipment and paper products. It also served as…”