Brussels, 10 December 2022 (TDI): The European Union (EU) and Chile signed an Advance Framework Agreement to boost political and trade cooperation, on Friday.

The agreement was signed in presence of the Representative of the EU for Foreign Affairs & Vice President of the European Commission, Josep Borrell. He was accompanied by the EU Commissioner for Trade, Valdis Dombrovskis.

From Chile’s side, the Minister of Foreign Affairs, Antonia Urrejola, and the Undersecretary for International Economic Relations, José Miguel Ahumada participated.

The purpose of the agreement is to contribute directly to the Sustainable Development Goals & 2030 Agenda of Chile. It will advance common values and interests, including trade and sustainability, human rights, and peace and security.

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Remarks by EU Representatives

The EU Commissioner for Trade, Valdis Dombrovskis addressed the signing ceremony. He stated, “Today we have taken our already close partnership with Chile one step further.”

“This agreement will create new opportunities to support economic growth on both sides, 99% of trade will be free of tariffs.” The Commissioner continued.

Highlighting the significance of the agreement, Dombrovskis added, “This modern, dynamic agreement reflects our shared ambitions to build greener economies, including cooperation on raw materials and clean sources of energy.”

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At his turn, Josep Borrell, reiterated, “At a time of unprecedented geopolitical challenges, we are modernizing our relationship to match our shared ambition. Today marks the beginning of a new chapter in our privileged relationship.”

Remarks by Chile Representatives

The Minister of Foreign Affairs of Chile, Antonia Urrejola also addressed the ceremony. She added, “With this Agreement, Chile and the EU have deepened their bilateral relationship for the benefit of our peoples.”

“The agreement will reinforce the association in areas that reflect common values. It includes strengthening democracy, human rights and fundamental freedoms, and gender equality.” The Minister affirmed.

Urrejola emphasized that the instrument is aligned with the Chilean trade policy. It ensures the country’s strategic and regulatory autonomy and other key development policies.

It is pertinent to note that the agreement is an expression of the political will of the EU & Chile to collaborate closely. The agreement will serve as a key element of a renewed bi-regional association.