On February 1, 2025, the Interim Trade Agreement (AIC) between Chile and the European Union (EU) has entered in force, replacing the international trade provisions of the 2002 Association Agreement (AA).

Key changes and benefits:

• Increase in chilean products with tariff reductions:
  • Chile will be able to export 96.5% of its products tariff-free within seven years.
  • This benefits products such as beef, fish, eggs, olive oil, and dairy products.
• New self-certification system for declaration of origin:
  • Chilean importers will be able to certify origin with:
    • a declaration from the European exporter who must be registered in the REX system for importations equal to or greater than EUR 6,000; or
    • a declaration from a Chilean importer registered as an Authorized Economic Operator (AEO).
• Greater recognition to geographical indications (GI):
  • Chilean emblematic products such as Cáhuil salt, Pica lemon, Azapa olives, and Huasco Valley olive oil will be recognized in the European market.

In parallel with the AIC, member countries have agreed to implement the Advanced Framework Agreement (AMA), which aims to fully modernize the AA, incorporating AIC regulations and addressing additional aspects of cooperation, trade, and investment.

The AMA is currently under review by all EU member states, and once approved, it will replace the AIC, making it obsolete.