Canada–Chile Free Trade Agreement (CCFTA) is a trade agreement between Canada

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 and Chile

Chile

Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...

. It was signed on December 5, 1996 in Santiago, Chile

Santiago, Chile

Santiago , also known as Santiago de Chile, is the capital and largest city of Chile, and the center of its largest conurbation . It is located in the country's central valley, at an elevation of above mean sea level...

and came into effect on July 5, 1997. Tariffs on 75 percent of bilateral trade were immediately eliminated. http://www.canadabusiness.ca/servlet/ContentServer?pagename=CBSC_FE%2Fdisplay&lang=en&cid=1081944209781&c= It was Canada's first free trade agreement with a Latin American nation (other than Mexico), and was Chile's first full free trade agreement. Over the first decade, trade between Canada and Chile increased by 266%, with the trade of goods rising from $718 million in 1996 to $2.34 billion in 2006. Bilateral service trade increased to $164 million by 2005. Canadian investments in Chile reached $5.17 billion in 2006.
http://www.international.gc.ca/trade-agreements-accords-commerciaux/agr-acc/chile-chili/index.aspx