March 18, 2021
Foreign Trade

Successful end to new round of negotiations to modernize the agreement of the European Free Trade Association

Successful end to new round of negotiations to modernize the agreement of the European Free Trade Association
Both parties acknowledged that negotiations are well advanced with the key points to be resolved already identified. This makes it possible to visualize a technical closure in the near future.

The third round of negotiations between Chile and the member states of the European Free Trade Association (EFTA) to modernize the existing trade agreement between Chile and the EFTA countries consisting of Switzerland, Norway, Iceland and Liechtenstein successfully came to an end.

As on previous occasions, the delegations were led by the Director General of Bilateral Economic Affairs of the International Economic Relations Undersecretary´s Office (SUBREI), Felipe Lopeandía on Chile’s behalf, and by the Specialist Director at the Norwegian Ministry of Trade, Industry and Fisheries, Erik Andreas Underland, who acted as the speaker representing the EFTA countries.

The leaders of the delegations made a positive assessment of the results of the expert discussions that took place in eleven work groups.  These discussions were carried out virtually during the week with the purpose of updating the regulatory framework of the bilateral relationship and expanding trade openness.

Substantial progress was achieved on diverse matters of interest for both parties, such as access to commodity markets, rules of origin, trade facilitation, regulatory matters, financial services, sustainable business and development, public procurement and intellectual property.

Both parties acknowledged that negotiations are well advanced with the key points to be resolved already identified. This makes it possible to visualize a technical closure in the near future.

For this purpose, the groups will continue working hard in the upcoming months, intensifying pending internal queries, exchanging ideas to bring positions closer together and holding intersessional meetings if necessary.