Chile's Senate greenlights CPTPP agreement
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Loading... - Anne Nielsen
- 20 Oct 2022
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Chile's Upper House Tuesday ratified by 27 votes in favor, 10 against and 1 abstention, the country's joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which is expected to generate annual revenues of US$ 1.2 billion, it was announced.
Chile was the only signatory to confirm its accession to one of the largest free trade agreements in the world, comprising nearly 500 million people (13% of the world's GDP). The documents are now up to President Gabriel Boric Font for the proper enactment.
Foreign Minister Antonia Urrejola underlined the discussion of this treaty ”has awakened the attention of society as a whole (...) it is no mystery to anyone that the process has not been peaceful nor has it been free of great debates.“
Regarding the enactment, Urrejola explained that ”the President has decided to wait for the progress of the side letters before ratifying the agreement.” Read More...
