EU-Chile agreements

On 13 December 2023, the EU and Chile signed an advanced framework agreement (AFA) with a view to modernising and replacing the 2002 association agreement which currently governs their relations. During its February II plenary session, the European Parliament will decide on whether to consent to the EU's conclusion of the AFA, which has two parts: i) political dialogue and cooperation; and ii) trade and investment. As the AFA falls under shared competence, ratification by each EU Member State is also required. Parliament will also vote on giving consent to conclusion of an interim trade agreement (iTA), with the trade and investment provisions of the AFA under the EU's exclusive competence. The iTA would apply until the AFA's ratification is completed.