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Uruguay and Chile committed to a more environmentally friendly FTA

Uruguay and Chile committed to a more environmentally friendly FTA

The Administrative Commission of the Free Trade Agreement between both countries held a meeting in which they delved into matters of inclusion and sustainability.

Photo: Presidency

Uruguay and Chili reaffirmed their commitment to have a Free Trade Agreement (FTA) more environmentally friendly, after the IV Meeting of the Administrative Commission of the Free Trade Agreement took place in the Chilean capital of Santiago.

Last Friday, a Uruguayan delegation was present at the headquarters of the Ministry of Foreign Affairs of Chilein order to address the new meeting of the Administrative Commission, where both nations delved into the importance of generating more inclusive and sustainable bilateral trade.

Throughout last year, trade between the two countries climbed to 500 million dollars, a figure that almost doubles the 285 million dollars that were registered in 2018, at the time of the entry into force of the trade agreement that was signed in 2016.

At the meeting, issues related to regulatory aspects, global value chains, gender, small and medium-sized enterprises (SMEs), the regime of origin and transportation were also addressed.

The gender perspective and sustainability in trade

Likewise, a review was carried out of all the joint actions developed in matters of gender and tradewhich contributed to incorporating the gender perspective into the trade policy of both nations, helping to promote economic empowerment for women.

Finally, within the framework of the first meeting of the Environment Committee, the delegations suggested developing a collaborative work plan that considers environmental sustainability to be highly relevant.

The Undersecretary of International Economic Relations, Claudia Sanhueza Riverosgreeted the Uruguayan delegation, headed by the Deputy Director General for International Economic Affairs of the Uruguayan Foreign Ministry, Pablo Porroand ratified the interest of Chili for continuing the work of the Administrative Commission to achieve a greater deepening of commercial ties.

Source: Ambito

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