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LatinNews Regional Monitor: Brazil & Southern Cone - 16 January 2018

In brief: Chile

Chile: Representatives from the Chilean government and the European Union (EU) have kicked off the first round of a four-day conference to update the existing bilateral trade agreement. Both the director general of Chile’s international economic relations directorate (Direcon), Paulina Nazal, and the EU’s head of trade with Latin America, Matthias Jørgensen, agreed on the importance of modernising the agreement. Already, the EU is the biggest foreign investor in Chile, accounting for 35% of all investment in 2016. But both parties want to expand the agreement beyond economic terms to include topics such as energy, environment, gender, and preferential agreements for small-to-medium businesses.