The free trade agreement Brazil and Chile signed on Wednesday in Santiago encompasses 17 e-commerce areas and the elimination of roaming charges for data and mobile telephony between the countries.
It also includes the protection of consumer rights in internet purchases, among other aspects.
Most of the e-commerce items agreed on have never been signed by Brazil in similar bilateral agreements, according to reports.
It will also mark the first time that Brazil signs a bilateral agreement that involves areas such regulatory practices, anti-corruption and transparency, regional and global value chains, labor issues and the environment.
The FTA, signed by Brazil’s Michel Temer and Chile’s Sebastián Piñera, expands a tariff pact agreed by the two countries in 1996, within the scope of Mercosur. Chile is an observing member of the bloc.
Chile is Brazil’s second largest trading partner in South America, behind Argentina. In 2017, bilateral trade reached US$8.5bn, an increase of 22% from the previous year.