CHILE

Chile: Congress unanimously approved AMA and the Interim Trade Agreement with the EU

Congress unanimously approved the Advanced Framework Agreement (AMA) and the Interim Trade Agreement with the European Union. After being approved by the Lower and Upper Houses of Chile, the Treaty must be ratified by all EU member countries in order to enter into force.

Posted on Nov 20 ,00:10

With 38 votes in favour, one abstention and none against, the Senate approved the agreement that will modernise the current institutional framework that Chile has with the EU, which will strengthen bilateral relations, joint dialogue and establish an update of political and cooperation issues; which addresses the new challenges of international trade, including new issues, and which grants national products better access to the European market, among other matters.

Foreign Minister Alberto van Klaveren said that this agreement "consolidates a political relationship that is especially relevant in the current international context (…) It really strengthens a relationship with a historical ally".

This new boost to the country's international trade will allow for a greater insertion of Chilean products in the European market, highlighting the pork and poultry production and export sector as one of the most benefited.

Juan Carlos Domínguez, president of ChileCarne, expressed his satisfaction after the approval of the project: "As a trade association, we feel very proud, as we have worked hard and in close collaboration with national authorities and key players in the export industry to achieve this feat. Our pork and poultry sector has maintained constant growth, positioning itself as the fourth largest food exporter in the country in 2023 and the fifth in the world in pork".

The signing of both agreements will strengthen Chile's strategic position in the world by increasing the export quotas for pork and poultry to the old continent. "For 2024, an initial quota of 22,475 tons will be allocated for the export of poultry, with an additional tariff that will vary between 187 and 1,283 euros per 100 kg. As for pork, the initial quota will be 11,850 tons, with out-of-quota tariffs that will range between 467 and 869 euros per 100 kg. The agreement will allow these allocations to increase progressively, favoring the integration of Chilean products in the European market," added the president of ChileCarne.

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