On 9 December, the European Union and Chile negotiated a new framework agreement which should be formally signed next year, thus removing a 20-year-old text. The two parties arealready bound by an association agreement since 2002generating tariff preferences and including a comprehensive trade agreement which entered into force in 2003.
This new partnership should enableexempt the majority of merchandise exports from customs dutiesfrom the EU (99.9%) to Chile. These exports increased by 284% between 2002 and 2021. Through this agreement, the EU will be able to supply raw materials and clean fuels (lithium, copper, hydrogen) and more easily access certain sectors such as maritime transport, deliveries, telecommunications and financial services.
This new pact also meets the objectives of Brussels in terms of trade relations, respect for the environment, human rights and working conditions, just as the new generation agreement with New Zealand last June (cf.EU/New Zealand: signing a new trade agreement).
A similar agreement is being finalized with Mexico, while discussions with Mercosur (Argentina, Brazil, Uruguay and Paraguay) resumed last October and could continue with the recent change of President in Brazil.
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