Date: 2023-12-07Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2023/2761 of 4 December 2023 on the signing, on behalf of the European Union, of the Interim Agreement on Trade between the European Union and the Republic of Chile
Executive Summary:
This Council Decision (EU) 2023/2761 authorises the signing, on behalf of the European Union, of the Interim Agreement on Trade between the EU and the Republic of Chile. This agreement modernises trade relations and will be superseded by the Advanced Framework Agreement upon its entry into force. The decision approves a Joint Statement on Trade and Sustainable Development attached to the Agreement and came into force on December 4, 2023.
Key Points / Main Content:
* **Authorisation and Scope:**
* The signing of the Interim Agreement on Trade between the EU and Chile is authorised on behalf of the Union, pending its conclusion.
* The Interim Agreement on Trade covers trade and investment liberalisation.
* The Joint Statement on Trade and Sustainable Development attached to the Agreement is approved on behalf of the Union.
* **Replacement by Advanced Framework Agreement:**
* The Interim Agreement will cease to be effective once the Advanced Framework Agreement enters into force.
* **Responsibilities:**
* The President of the Council is authorised to designate the persons empowered to sign the Agreement on behalf of the Union.
* **Entry Into Force:**
* The Decision entered into force on December 4, 2023.
Impact Analysis:
European Union:
* Impact: The EU is a party to the Interim Agreement on Trade, modernising its trade relationship with Chile.
* Action Required: Sign the Interim Agreement on Trade with Chile and implement the Joint Statement.
Republic of Chile:
* Impact: Chile is a party to the Interim Agreement on Trade, modernising its trade relationship with the EU.
* Action Required: Sign the Interim Agreement on Trade with the EU.
Council of the European Union:
* Impact: The Council adopted the decision authorising the signing of the Interim Agreement.
* Action Required: The President of the Council needs to designate the persons empowered to sign the Agreement on behalf of the Union.
European Commission:
* Impact: The European Commission submitted the proposal that led to this decision.
* Action Required: N/A
Persons Empowered to Sign the Agreement on Behalf of the Union:
* Impact: They will be responsible for officially signing the agreement, representing the EU's commitment to the terms outlined within it.
* Action Required: They must sign the agreement on behalf of the Union once designated by the President of the Council.
Key Entities Referenced
European Union: A political and economic union of member states located primarily in Europe.
Republic of Chile: A country in South America.
Interim Agreement on Trade between the European Union and the Republic of Chile: An agreement between the European Union and the Republic of Chile covering trade and investment liberalization.
Treaty on the Functioning of the European Union: One of the primary treaties of the European Union, outlining its objectives, institutions, and decision-making processes.
European Commission: An institution of the European Union, responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
Council of the European Union: An institution of the European Union where government ministers from each EU country meet to discuss, amend and adopt laws, and coordinate policies.
Advanced Framework Agreement between the European Union and its Member States and the Republic of Chile: A comprehensive agreement between the European Union and Chile encompassing political cooperation, trade, and investment.
Brussels: The capital of Belgium and a major center for European Union institutions.
Official Journal EN
of the European Union L series
2023/2761 7.12.2023
COUNCIL DECISION (EU) 2023/2761
of 4 December 2023
on the signing, on behalf of the European Union, of the Interim Agreement on Trade between the
European Union and the Republic of Chile
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 91(1), Article 100(2), and
Article 207(4), first subparagraph, in conjunction with Article 218(5) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(1) On 13 November 2017, the Council authorised the Commission and the High Representative of the Union for
Foreign Affairs and Security Policy to open negotiations with Chile on a modernised agreement with Chile to
replace the Agreement establishing an association between the European Community and its Member States, of the
one part, and the Republic of Chile, of the other part(1)(the ‘Association Agreement’).
(2) On 9 December 2022, the negotiations between the Union and Chile were successfully concluded.
(3) The modernisation of the Association Agreement envisages two parallel legal instruments. The first instrument is the
Advanced Framework Agreement between the European Union and its Member States, of the one part, and the
Republic of Chile, of the other part (the ‘Advanced Framework Agreement’), which includes: the Political and
Cooperation pillar, and the Trade and Investment pillar, which encompasses investment protection provisions. The
second instrument is the Interim Agreement on Trade between the European Union and the Republic of Chile (the
‘Agreement’), which covers trade and investment liberalisation. The Agreement will cease to have effect and be
replaced by the Advanced Framework Agreement upon entry into force of the latter.
(4) The Agreement should be signed on behalf of the Union, subject to its conclusion at a later date and the Joint
Statement on the Provisions on Trade and Sustainable Development contained in the Interim Agreement on Trade
between the European Union and the Republic of Chile (the ‘Joint Statement’), attached to the Agreement should be
approved on behalf of the Union,
HAS ADOPTED THIS DECISION:
Article 1
The signing on behalf of the Union of the Interim Agreement on Trade between the European Union and the Republic of
Chile(2)is hereby authorised, subject to the conclusion of the said Agreement.
Article 2
The Joint Statement attached to the Agreement shall be approved on behalf of the Union.
Article 3
The President of the Council is hereby authorised to designate the person(s) empowered to sign the Agreement on behalf of
the Union.
(1) OJ L 352, 30.12.2002, p. 3.
(2) The text of the Agreement will be published together with the decision on its conclusion.
ELI: http://data.europa.eu/eli/dec/2023/2761/oj 1/2EN
OJ L, 7.12.2023
Article 4
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 4 December 2023.
For the Council
The President
F. BOLAÑOS GARCÍA
2/2 ELI: http://data.europa.eu/eli/dec/2023/2761/oj