In order to further deepen trade between the EU and resource-rich Chile, and in particular to further promote trade in raw materials and agricultural products, the economic partners have extended their agreement, which has been in place since 2003. Added to this are a chapter on energy and raw materials, special rights for corporations and other non-effectively enforceable chapters on trade and gender equality as well as sustainable food systems.
This trade and investment agreement is intended to enable Chile to generate value locally and to benefit more from the extraction of its raw materials, while giving European companies access to key raw materials for the restructuring and digitalisation of domestic industry. The agreement is praised by European politicians as a “partnership on an equal footing”. But is that true?
The guide to the extended trade and investment agreement between the EU and Chile deals with its consequences for Chile's population, the environment and the economy. It concludes that the agreement contradicts the EU's self-imposed goals for a globally just green transformation and is more business as usual.
