The year 2022 marked the 25-year anniversary of the implementation of the Canada-Chile Free Trade Agreement (CCFTA), which entered into force on July 5, 1997. The agreement was groundbreaking in many aspects for both Canada and Chile. For Canada, it was the first free trade agreement signed with a South American country and one of the most comprehensive free trade agreements Canada made since signing the North America Free Trade Agreement. For Chile, it was the first trade agreement concluded with a leading industrialized country and the beginning of a series of subsequent FTAs it would sign with other countries.