Chile Fast Track Act of 2001

The Chile Fast Track Act of 2001 was designed to streamline the process for the United States to establish a free trade agreement with Chile. The bill authorized the President to negotiate either Chile’s entry into the North American Free Trade Agreement (NAFTA) or a separate bilateral agreement to reduce tariffs and trade barriers.

For American citizens, the bill aimed to lower the cost of goods imported from Chile and open new markets for U.S. exports by eliminating trade restrictions. It also allowed for the inclusion of labor and environmental standards within the trade deal and mandated "fast-track" congressional procedures, meaning any resulting agreement would receive an expedited vote without the possibility of amendments. While this specific bill did not become law, its objectives were eventually realized through the later passage of the United States-Chile Free Trade Agreement Implementation Act.