The EU-Chile Interim Trade Agreement (ITA) has entered into force, following the completion of Chile’s ratification process. The ITA, which was signed in December 2023, is of key geopolitical importance. It will boost the competitiveness of businesses on both sides, while providing a shared platform for the development of our net-zero economies. This work will be further underpinned by ongoing […]
Deal to reinforce the supply of critical raw materials
The Council and the European Parliament today reached a deal on the proposed regulation establishing a framework to ensure a secure and sustainable supply of critical raw materials, better known as the Critical Raw Materials Act. The agreement is provisional, pending formal adoption in both institutions. The political agreement reached today keeps the overall objectives […]
EU and Chile strengthen cooperation on sustainable critical raw materials supply chains
As part of the Community of Latin American and Caribbean States Summit (EU-CELAC) taking place in Brussels on 17 and 18 July, President Ursula von der Leyen and the President of Chile, Gabriel Boric, witnessed the signing of a Memorandum of Understanding (MoU) on establishing a partnership between the EU and Chile on sustainable raw materials value […]
Commission presents Global Gateway Investment Agenda with Latin America and Caribbean
During today’s EU-LAC Business Round Table as part of the EU-CELAC Summit, President Ursula von der Leyen has presented the EU-LAC Global Gateway Investment Agenda (GGIA), which revolves around the following pillars: a fair green transition, an inclusive digital transformation, human development and health resilience and vaccines. She also announced that Team Europe has committed over €45 billion to support the reinforced partnership […]
EU Space to play a pivotal role in the European Critical Raw Materials Act
If oil and gas were once considered the ‘new gold’, then lithium and rare-earth elements (REE) are the new oil and gas. Whereas oil and gas boomed thanks to the development of the automobile, global trade and the plastics industry, lithium and REE are key to a wide array of high-tech and climate applications, including […]