Negotiating chile's entry to nafta: trade and investment issues

In December 1994, the United States, Canada, and Mexico agreed in principle to extend the North American Free Trade Agreement (NAFTA) to Chile at the Summit of the Americas. This paper examines Chile's accession to NAFTA with special reference to key issues in the negotiations. It discusses the rationale for extending NAFTA to Chile from the U.S. and Chilean perspectives. The study also examines how NAFTA negotiators may address issues such as trade and investment rules, technical standards, dispute settlement obligations, intellectual property rights, phase-in periods, and labor and environmental standards.