ITA to continue till Advanced Framework Agreement ratified: EU, Chile

The European Union (EU) and Chile are committed to deepening their trade and investment relations under the Interim Trade Agreement (ITA), which came into force on February 1 and will remain in force until the new Advanced Framework Agreement has been fully ratified.

A review of the trade and sustainable development provisions of the ITA is under way.

EU high representative for foreign affairs and security policy Kaja Kallas recently met Chilean Minister of Foreign Affairs Alberto van Klaveren. Both co-chaired the first EU-Chile Joint Council under the Advanced Framework Agreement in Brussels.

The EU and Chile are committed to deepening their trade and investment relations under the Interim Trade Agreement, which came into force on February 1 and will remain in force until the new Advanced Framework Agreement has been fully ratified.
Both sides will continue to cooperate on ensuring reliable and sustainable supply chains, including through diversification and support to strategic investments.

The first EU-Chile Trade Council meeting was held under the new ITA, according to an EU release.

The EU is Chile’s third-largest trade partner and the top source of foreign direct investment (FDI).

Both sides will continue to cooperate on ensuring reliable and sustainable supply chains, including through diversification and support to strategic investments, a joint statement issued said.

Chile welcomed the interest of the EU in establishing a dialogue with the member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Both parties affirm their ambition to translate this dialogue into a shared agenda.

Both sides remain committed to ensuring the effective implementation of the Advanced Framework Agreement, and to achieving its full ratification.

The provisional application of the EU-Chile Advanced Framework Agreement began on June 1, 2025.

Fibre2Fashion News Desk (DS)