Home Europe Council of the European Union Council Decision (EU) 2024/3016 of 18 March 2024 on the conc...
Date: 20-Dec-2024 Category: Not Applicable State: Union Government Country: Europe

Council Decision (EU) 2024/3016 of 18 March 2024 on the conclusion, on behalf of the European Union, of the Interim Agreement on Trade between the European Union and the Republic of Chile

Issued by Council of the European Union · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • Council Decision (EU) 2024/3016 approves, on behalf of the European Union, the Interim Agreement on Trade between the European Union and the Republic of Chile. The agreement was signed on 13 December 2023.
  • The decision authorizes the European Commission to approve certain modifications to the Agreement using simplified procedures as outlined in the Agreement's articles.

Key Changes

  • The Interim Agreement on Trade between the European Union and the Republic of Chile is approved on behalf of the Union.
  • The European Commission is authorized to approve modifications or rectifications to Annexes 21-A and 21-B of the Agreement after consulting the Trade Policy Committee, as per Article 21.20 of the Agreement.
  • The European Commission is authorized to approve amendments to Annex 25-C of the Agreement after consulting the Trade Policy Committee, as per Article 25.34 and subparagraph (a)(x) of Article 33.1(6) of the Agreement.
  • The European Commission is authorized to approve amendments to the appendices to the Agreement on Trade in Wines and Spirit Drinks and Aromatised Drinks in Annex V and VI respectively to the Association Agreement, as incorporated into the Agreement, after consulting the Trade Policy Committee, as per Article 33.11(6) of the Agreement.
  • The President of the Council will provide notification to express the Union's consent to be bound by the Agreement, as per Article 33.9(1) of the Agreement.

Impact Analysis

Businesses involved in trade between the EU and Chile

  • Action Items: Businesses should familiarize themselves with the details of the Interim Agreement, particularly the sections related to their specific industries. They should also monitor any modifications or rectifications to the Annexes as these are approved by the Commission.

European Commission

  • Action Items: The Commission must establish procedures for consulting with the Trade Policy Committee and for approving modifications to the Annexes and appendices as outlined in the Decision.

Council of the European Union

  • Action Items: The President of the Council needs to provide the notification expressing the Union's consent to be bound by the Agreement.

Consumers in the EU and Chile

  • Action Items: Monitor the impact of the agreement on prices and availability of goods.

Key Entities Referenced

European Union: One of the parties in the Interim Agreement on Trade with the Republic of Chile. Republic of Chile: One of the parties in the Interim Agreement on Trade with the European Union. European Commission: The executive branch of the European Union, responsible for approving certain modifications to the Agreement. Council of the European Union: A legislative body of the European Union. Trade Policy Committee: A committee consulted by the European Commission before approving modifications to the Agreement. Interim Agreement on Trade between the European Union and the Republic of Chile: The trade agreement that is being approved by this Council Decision. Treaty on the Functioning of the European Union: The treaty that provides the legal basis for the Council Decision. Council Decision (EU) 2023/2761: Council Decision on the signing, on behalf of the European Union, of the Interim Agreement on Trade between the European Union and the Republic of Chile. Association Agreement: 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, signed on 18 November 2002.
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Official Journal EN of the European Union L series 2024/3016 20.12.2024 COUNCIL DECISION (EU) 2024/3016 of 18 March 2024 on the conclusion, 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(6), second subparagraph, point (a)(v), and Article 218(7) thereof, Having regard to the proposal from the European Commission, Having regard to the consent of the European Parliament (1), Whereas: (1) In accordance with Council Decision (EU) 2023/2761 (2), the Interim Agreement on Trade between the European Union and the Republic of Chile (the ‘Agreement’) was signed on 13 December 2023, subject to the conclusion of the Agreement at a later date. In accordance with that Decision, the Joint Statement by the European Union and the Republic of Chile on the Provisions on Trade and Sustainable Development contained in the Interim Agreement on Trade between the European Union and the Republic of Chile, attached to the Agreement, was approved on behalf of the Union. (2) The Agreement should be approved on behalf of the Union. (3) Pursuant to Article 218(7) of the Treaty on the Functioning of the European Union, it is appropriate to authorise the Commission to approve on the Union’s behalf certain modifications to the Agreement that are to be adopted by a simplified procedure pursuant to Articles 21.20 and 33.11(6) of the Agreement, and by a body set up by the Agreement pursuant to Article 25.34 and subparagraph (a) (x) of Article 33.1(6) thereof. (4) The Agreement does not, in accordance with Article 33.14 thereof, within the Union, confer rights or impose obligations on persons, other than those created between the Parties under public international law, HAS ADOPTED THIS DECISION: Article 1 The Interim Agreement on Trade between the European Union and the Republic of Chile (3) is hereby approved on behalf of the Union. Article 2 For the purposes of Article 21.20 of the Agreement, any modification or rectification of Annexes 21-A and 21-B to the Agreement shall be approved by the Commission on behalf of the Union, following consultation of the Trade Policy Committee. (1) Consent of 29 February 2024 (not yet published in the Official Journal). (2) 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 (OJ L, 2023/2761, 7.12.2023, ELI: http://data.europa.eu/eli/dec/ 2023/2761/oj). (3) The text of the Agreement is published in OJ L, 2024/2953, 20.12.2024, ELI: http://data.europa.eu/eli/agree_internation/2024/ 2953/oj. ELI: http://data.europa.eu/eli/dec/2024/3016/oj 1/2EN OJ L, 20.12.2024 Article 3 For the purposes of Article 25.34 and subparagraph (a)(x) of Article 33.1(6) of the Agreement, any amendment to Annex 25-C to the Agreement shall be approved by the Commission on behalf of the Union, following consultation of the Trade Policy Committee. Article 4 For the purposes of Article 33.11(6) of the Agreement, the following shall be approved by the Commission on behalf of the Union, following consultation of the Trade Policy Committee: (a) any amendment to the appendices to the Agreement on Trade in Wines in Annex V to 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 (4), signed on 18 November 2002 (the ‘Association Agreement’), as incorporated into the Agreement; (b) any amendment to the appendices to the Agreement on Trade in Spirit Drinks and Aromatised Drinks in Annex VI to the Association Agreement, as incorporated into the Agreement. Article 5 The President of the Council shall, on behalf of the Union, give the notification provided for in Article 33.9(1) of the Agreement, in order to express the consent of the Union to be bound by the Agreement (5). Article 6 This Decision shall enter into force on the date of its adoption. Done at Brussels, 18 March 2024. For the Council The President J. BORRELL FONTELLES (4) OJ L 352, 30.12.2002, p. 3. (5) The date of entry into force of the Agreement will be published in the Official Journal of the European Union by the General Secretariat of the Council. 2/2 ELI: http://data.europa.eu/eli/dec/2024/3016/oj

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