The signature of the EU-Chile Advanced Framework Agreement and Interim Trade Agreement is great news.
When we met in Santiago in June, President Boric and I agreed to press ahead and deliver these agreements by the end of this year. These are now a done deal.
99,9% of EU exports to Chile will be exempt from tariffs. Equally, Chile's products will enjoy more streamlined access to the EU's Single Market.
With these new agreements, we will create stronger connections between the EU and Latin America's fifth largest economy. In particular, we will work together on sustainable critical raw materials supply chains. It's a great opportunity for our clean tech industry. And an important contribution to our open strategic autonomy.
The EU and Chile share common core values and ambitions. We both champion respect for human rights, gender equality and protection of the environment. And we are both committed to decarbonisation. This is why we have put these guiding principles at the heart of our new agreements. They will govern our trade and investments relations. And this can serve as a blueprint for the EU's future trade agreements.
I am glad to open this new chapter today with such a privileged and trusted partner.
