![]() ![]() The ITA is fully consistent with European Union policies and will not require the EU to amend its rules, regulations or standards in any regulated area, e.g. Upon entry into force of the ITA, Part IV of the AA, including any subsequent decision by its institutional bodies, will cease to have effects and will be replaced by the ITA. The ITA provides a modernised comprehensive legal framework for EU-Chile trade and investment relations. Consistency with existing policy provisions in the policy area.The ITA, once ratified and entered into force, will remain in force until the AFA is fully ratified and entered into force. On the EU side it will require the consent of the European Parliament, followed by the adoption of the Council decision on conclusion. To enter into force, the ITA will have to be ratified by both sides. The ITA was proposed for signature and conclusion at the same time as the AFA. The ITA will expire when the Advanced Framework Agreement enters into force. a n Interim Agreement on Trade ( ITA ) covering trade and investment liberalisation. an Advanced Framework Agreement ( ' AFA), that will include a) the Political and Cooperation pillar and b) the Trade and Investment pillar (inclusive of investment protection provisions) andĢ. The modernisation of the existing EU-Chile Association Agreement revolves around two legal instruments:ġ. The EU and Chile reached the political conclusion of the negotiations on 9 December 2022 in Brussels. The Trade Policy Committee was consulted on the trade-related parts of the Agreement. The negotiations were conducted in consultation with the Council Working Party on Latin America and the Caribbean. The negotiations were formally launched on 16 November 2017. On 13 November 2017, the Council adopted a Decision authorising the European Commission and the High Representative of the Union for Foreign Affairs and Security Policy to open negotiations for a modernised agreement with Chile to replace the AA. The subgroups concluded their work on the occasion of the 14 th EU-Chile Association Committee that was held on 31 January 2017. The Group created two subgroups, one responsible for political and cooperation issues and the other for trade. The aim of the Group was to conduct a scoping exercise by assessing the level of ambition of the perspective negotiations to modernise the AA in all areas. In April 2015, the 6 th EU-Chile Association Council endorsed the establishment of the joint working group (‘the Group’) on the modernisation of the AA. As a result, both Parties expressed interest in the modernisation of the AA to further improve their trade ties and to contribute to deepening political and economic relations.ĭuring a meeting in the margins of the EU-CELAC Summit held in Santiago on 26-27 January 2013, leaders from the EU and Chile agreed to explore options to modernise the AA, 10 years after its entry into force. These Agreements and negotiations go well beyond the ambition and scope of the existing EU-Chile AA in most areas. Chile also joined the Pacific Alliance and the Trans-Pacific Partnership (now Comprehensive and Progressive Agreement for Trans-Pacific Partnership). The EU has concluded Agreements with other countries in the region (Trade Agreement with Colombia, Ecuador and Peru, Association Agreement with Central America) and beyond, inter alia with Canada, Japan, New Zealand, Singapore and Vietnam.Ĭhile has signed 26 FTA with 64 Countries, including with the US (2004), China (2006) and Japan (2007). In 2006, the European Commission adopted a ‘Global Europe’ strategy, modernising its agenda for EU trade policy and seeking deeper trade Agreements. ![]() Many changes occurred since the entry into force of the Association Agreement. Relations between the European Union ('EU') and the Republic of Chile ('Chile ') are currently based on the Association Agreement (hereinafter ‘the AA’ ) between the European Community and its Member States, of the one part, and Chile, of the other part, which was signed on 18 November 2002 and entered into force on 1 March 2005 (with provisional application as from 1 February 200 3 ) 2. ![]()
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