As of today, February 1, 2025, the EU-Chile Interim Trade Agreement (ITA) is officially in action. Signed in December 2023, this deal is a major overhaul of trade relations between the two partners, as the EU seeks for new markets in an ambitious quest to enhance competitiveness while reducing reliance on China.
What Does this Agreement Offer?
Easier Access to Essential Resources
The deal grants Europe better access to Chilean lithium, copper, and hydrogen—materials that are the backbone of the EU's push for cleaner energy. With this agreement, Europe is locking in reliable sources for industries that rely on sustainable materials.