22002A1230(01)

In short

This law is an agreement establishing an association between the European Community and its Member States and the Republic of Chile, aiming to deepen their relationship across various fields. It sets up a framework for political, commercial, economic, and cooperation activities based on shared principles.

What it regulates

• The establishment of a Political and Economic Association between the European Community and its Member States and Chile.
• The enhancement of political dialogue on bilateral and international matters.
• The strengthening of cooperation in political, commercial, economic, financial, scientific, technological, social, cultural, and other agreed fields.
• The expansion and diversification of bilateral trade relations.

Who it concerns

• The European Community and its Member States (Belgium, Denmark, Federal Republic of Germany, Greece, Spain, France, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal, Finland, Sweden, United Kingdom).
• The Republic of Chile.

Key points

• Respect for democratic principles, fundamental human rights (as per the UN Universal Declaration of Human Rights), and the rule of law are essential elements.
• The Association Council, composed of ministerial representatives, supervises the Agreement's implementation and meets at least every two years.
• The Association Council has the power to take binding decisions and make recommendations by mutual agreement.
• An Association Committee assists the Council, is responsible for general implementation, and meets at least once a year.