In the context of the Sixth Council of the Chile-European Union
Association Agreement, held in April 2015, Chile and the European Union discussed options to modernize
their current association agreement.
At the beginning of 2016, Chilean delegations held meetings with senior officials of the European
Union and the European Free Trade Association to advance towards modernization of the trade agreements
that Chile has with both blocks.
Chile and the European Union launched the negotiations to modernize the existing Chile-EU Association
Agreement on November 16, 2017 in Brussels, Belgium.
A round of negotiations to modernize the agreement took place from 15 to 19 January 2018 in
Santiago, Chile. The European Council published the negotiating directives for the new modernized agreement
on 22 January 2018. On February 6, 2018, the European Commission published 18 initial textual proposals
setting out its position in specific areas of the negotiation for a new, modernized agreement with Chile.
The seventh round of negotiations of the trade pillar for the modernization of the agreement, which took
place virtually, ended on May 29, 2020. The eighth round of negotiations of the trade pillar for the modernization
of the Agreement began on September 28, 2020 virtually.
The ninth and penultimate round of negotiations for the modernization of the Chile-European Union Association
Agreement began on January 11, 2021. The tenth round of negotiations was held virtually on May 12, 2021.
The negotiations for the modernization of the Chile-European Union ended on November 15, 2021.
On December 9, 2022, Chile and the European Union announced that they had reached an agreement in principle for the new Advanced Framework Agreement between Chile and the European Union. Thus, the political closure of the process of modernization of the Association Agreement - signed in November 2002 and which entered into force in 2003, in which the terms of reference were negotiated and agreed upon, and whose negotiations were officially launched in 2017 - is completed.
During the week of January 26, 2023, the legal teams of Chile and the European Union met virtually in order to advance the legal review process of the Advanced Framework Agreement between Chile and the EU.
On April 21, 2023, in Santiago, the legal team of the Undersecretariat for International Economic Relations (SUBREI) and the legal team of the European Union advanced in the last stage of the legal review process of the Advanced Framework Agreement between Chile and the EU.
On July 23, 2024, the Advanced Framework Agreement and Interim Trade Agreement Chile-EU was approved in the Foreign Relations Commission of the Chamber of Deputies of Chile.
On September 2, 2024, the Chamber of Deputies of Chile approved the Advanced Framework Agreement (AMA) - and the Interim Trade Agreement (ACI) - between Chile and the European Union (EU), an initiative signed in December last year and which modernizes the current Association Agreement between both economies in force since 2003.
On November 5, 2024, the Foreign Relations Commission of the Chilean Senate approved the Advanced Framework Agreement (AMA) - and the Interim Trade Agreement (ACI) - between Chile and the European Union (EU).
On Saturday, January 1, 2025, the Interim Trade Agreement (AIC or ITA) came into force, after its approval in the European Parliament on February 29, 2024 and in the Chilean Congress on November 13, 2024, and publications in the respective official newspapers. The AIC, which replaces the existing Part IV (trade) in the current Association Agreement, includes new provisions that will govern trade in goods, services and investment liberalization between both parties and will be in force until it is completed in the European bloc the entire processing and approval of the new Advanced Framework Agreement (AMA) in the 27 EU Member States.
|