European Union: Adopted Council decision on the conclusion of EU-Chile iTA

On 18 March 2024, the Council adopted the decision to conclude the Interim Trade Agreement (iTA) on behalf of the European Union. The agreement includes measures related to cross-border data transfer, electronic trust services and electronic authentication, data protection regulation and consumer protection regulation. The provisions for investment protection are included within the broader Advanced Framework Agreement (AFA), which is currently undergoing ratification among member states. The iTA will be rendered obsolete upon the AFA's entry into force post-ratification by all member states. The iTA will come into effect once Chile completes the ratification process and will expire upon the ratification of the AFA by all member states.