February 1, 2025 will mark a milestone in trade relations between the European Union (EU) and Chile with the entry into force of the Interim Trade Agreement (ITA).
This agreement replaces the EU-Chile Association Agreement in force since 2003, with the aim of modernizing and simplifying bilateral transactions.
Main Changes to the ITA
The ATI introduces several significant new features:
- Self-Certification System: Tariff preferences will be granted through declarations of origin issued by exporters registered in the REX (Exporter Registry) system or based on the knowledge of the importer.
More information about the Registered Exporters system
- Elimination of Traditional Certificates of Origin: EUR.1 certificates and invoice declarations will no longer be valid as proof of preferential origin.
- Authorized Exporter Number: The authorized exporter numbers of the old agreement will no longer be valid with the entry into force of the ITA.
Necessary Documentation
Exports from the EU to Chile:
- Shipments over 6,000 euros: The REX number will be required along with a declaration of origin included in the invoice or other commercial document.
- Shipments less than 6,000 euros: A declaration of origin will be sufficient without the need to be registered in the REX system.
Imports from Chile to the EU:
- Declaration of Origin: Issued by the exporter.
- Knowledge of the Importer: That demonstrates that the product is originating.
ATI Benefits
The new agreement, according to the authorities, brings with it important advantages:
- Greater Competitiveness: Tariff benefits improve the conditions of exporters compared to their international competitors.
- Reduction of Costs and Document Losses: The elimination of paper certificates simplifies procedures, reduces administrative expenses and avoids problems such as the loss of original documents.
In conclusion, the Interim Trade Agreement (ITA) represents a step forward in trade cooperation between the EU and Chile, facilitating more agile and efficient trade.
The BestWay team remains at your entire disposal for any additional questions regarding this agreement.
*This article has been automatically translated from its Spanish version.
