On Thursday February 9, Members of the European Parliament approved the EU-Chile Advanced Framework Agreement and its complementing deal on trade and investment liberalisation.
The agreements lay down the framework for deeper and broader political and economic cooperation between the like-minded partners on global issues, such as foreign and security matters, sustainable development, environmental protection, climate change, sustainable energy, rule of law and human rights. For the first time in an EU deal, there is a dedicated trade and gender chapter, with both sides committing to eliminate discrimination against women. Under the trade pillar, around 99.9% of EU exports will be tariff-free except for sugar, which is expected to increase EU exports by up to EUR 4.5 billion. The most sensitive agricultural goods are exempted from full liberalisation. These include meat, certain fruits and vegetables and olive oil.
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