EU-Chile Interim Trade Deal Goes Into Effect

The EU-Chile Interim Trade Agreement entered into force following Chile's ratification of the deal, the European Commission announced last week. It said the deal will boost bilateral trade and investment between the two partners by eliminating tariffs on 99.9% of EU exports, ensuring "more effective and sustainable flow of raw materials," and including an "Energy and Raw Materials chapter" that will give the EU access to "critical raw materials such as lithium, copper as well as clean fuel like hydrogen." The agreement will be supplemented by "ongoing initiatives," such as the "development of critical raw materials value chains for lithium and copper, and the Production of Green Hydrogen in Chile," the commission said.