President Gabriel Boric confirmed the long-awaited signing of the modernization of the Association Agreement with the European Union (EU), announcing that the Minister of Foreign Affairs, Antonia Urrejola, will travel to Brussels next Friday to finalize the renewal.
This was stated by the President in the framework of his participation in the Investment Forum organized by InvestChile, stating that “it was an interesting process at the end of the negotiation of the Modernization Agreement.”
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“We were criticized a lot at some point for that, because from our government we said ‘we want to review certain parts, we are interested in defending specific aspects regarding our development model,'” the head of state added.
For her part, Foreign Minister Urrejola reported that “on Friday what we are going to do is a declaration that considers the Modernization Agreement with the European Union to be politically closed, after which all the legal issues of document translation will come.”
“I think that what must be highlighted here is that we have reached an agreement whose objective was to defend the interests of Chile and sovereignty over its natural resources, that this was the fundamental objective and we are very happy that we have reached that agreement,” added.
It should be remembered that the European Union is the leading foreign investor in Chile and its third trading partner. In 2020, trade between the two countries reached a value of €13.4 billion.
