Considerations on COM(2023)434 - Signing of the Interim Agreement on Trade between the EU and Chile

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dossier COM(2023)434 - Signing of the Interim Agreement on Trade between the EU and Chile.
document COM(2023)434
date December  4, 2023
 
(1) On 13 November 2017, the Council authorised the 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 Association Agreement.

(2) On 9 December 2022, the negotiations between the European Union and Chile were successfully concluded.

(3) The modernisation of the existing EU-Chile Association Agreement foresees two parallel legal instruments:

- the Advanced Framework Agreement between the European Union and its Member States, of the one part, and the Republic of Chile, of the other part, which includes a) the Political and Cooperation pillar and b) the Trade and Investment pillar (inclusive of investment protection provisions);

- and the Interim Agreement on Trade between the European Union and Republic of Chile ('the Agreement'), covering trade and investment liberalisation, which will cease to have effect and be replaced by the Advanced Framework Agreement upon entry into force of the latter.

(4) A Joint Statement by the European Union and the Republic of Chile on the Provisions on Trade and Sustainable Development contained in the Interim Agreement on Trade between the European Union and the Republic of Chile ('the Joint Statement') is attached to the Agreement.

(5) The Agreement should be signed on behalf of the Union, subject to its subsequent conclusion. The Joint Statement attached to the Agreement should be endorsed on behalf of the Union.