Political and economic relations between the European Union and Chile are defined by their association agreement, which has been in force since 2003 for the trade part and since 2005 as a whole. This association covers the main aspects of bilateral relations: political dialogue, trade and cooperation.
Chile is a key partner of the EU with which the EU shares fundamental values concerning freedom, democracy and the defence of human rights. We are partners in the support of the multilateral system and we work together in the fight against climate change, to preserve our Ocean and towards the fulfillment of the sustainable development Agenda. Chile attracts substantial European investment and maintains strong cultural and historical links with Europe.
The excellent relationship between the European Union and Chile covers a wide range of contacts, coordination and dialogue in the areas of politics, trade and cooperation, which were strengthened by the bilateral Association Agreement signed in 2002.
Meetings concerning political dialogue at all levels are held regularly within the context of Association Councils and Association Committees. There is also a regular dialogue between Parliamentarians on both sides via the EU-Chile Joint Parliamentary Committee. In 2016 the institutional set-up of the Association Agreement was completed with the setting up of the EU-Chile Joint Consultative Committee.
In 2013 Chile proposed to modernise the AA. To this effect, an EU-Chile Joint Working Group on the modernisation of the Agreement was set up and completed its reflections in January 2017. On the basis of the conclusions of the Joint Working Group, the EU is preparing negotiating directives in order to negotiate a modernised Agreement with Chile.
The EU and Chile have signed a Framework Participation Agreement in January2014 institutionalising the participation of Chile in EU crisis Management Operation. Chile participates in the EU Crisis Management ALTHEA in Bosnia and Herzegovina.