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EU-Chile Interim Trade Agreement
Brusel, 04.02.2025
The EU-Chile Interim Trade Agreement (ITA) entered into force on 1 February 2025. The ITA was signed on 13 December 2023. It can now enter into force after the completion of Chile’s ratification process. The Agreement will strengthen the EU-Chile excellent bilateral relations and foster trade and investment opportunities. The EU and Chile negotiated between 2017 and 2022 to modernise the EU-Chile Association Agreement (in force since 2003), so as to be able to better address all relevant areas of the relationship between the EU and Chile, in the face of a changing geopolitical and economic global environment. The Parties reached the political conclusion of the negotiations on 9 December 2022 and signed the modernised Agreement on 13 December 2023. The modernised EU-Chile Agreement is composed of two parallel legal instruments: the Advanced Framework Agreement (AFA), that includes a) the Political and Cooperation pillar, and b) the Trade and Investment pillar (inclusive of investment protection provisions), subject to ratification by all Member States, and; the Interim Trade Agreement (ITA) covering only those parts of the trade and investment pillar of the AFA that are of EU exclusive competence (i.e. not including the investment protection provisions), adopted through the EU-only ratification process. The ITA entered into force on 1 February 2025. The AFA will enter into force when all EU Member States have completed their respective ratification processes. The ITA will then cease to exist and will be replaced by the AFA.odkaz na stránku
Foto : Ilustration
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