Weekly Report - 13 October 2022 (WR-22-41)

CHILE: Senate approves revamped Trans-Pacific Partnership

Chile’s senate has approved the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also known as TPP-11, which had been mired in congress for four years. The trade agreement, which supersedes the Trans-Pacific Partnership (TPP), from which the US withdrew under former president Donald Trump in 2017, was approved by Chile’s lower chamber in April 2019 when it was opposed by then-deputy Gabriel Boric. Since assuming the presidency Boric has been more equivocal, expressing reservations about a dispute settlement chapter of the trade deal but suggesting he would ratify it if this were addressed. His ruling coalition, however, is divided.

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