La Moneda has already given the go and the Minister of Finance, Mario Marcel, announced a few days ago that Chile – after months of indecision – will begin to operate under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TTP11) from the beginning of 2023.
Everything would be ready and ready and the Minister of Foreign Affairs (Minrel), Antonia Urrejola, confirmed that next week the Government will deposit the trade agreement, the third largest free trade agreement on the planet.
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After attempts to talk about side letters or bilateral letters —which seek to establish parallel parameters between the countries that make up the TPP11, for example, for the resolution of disputes—, Foreign Minister Urrejola indicated, in conversation with La Red, that what will be done is to send a formal note to the TPP secretariat, which is New Zealand. where it will be officially communicated that the agreement has been ratified by Congress and then come two months before it enters into force.
The head of Minrel said that work is already being done with the different government portfolios in the implementation of TPP11, in the different areas it covers, after the Senate ratified it last October. Likewise, Minister Urrejola explained that the Undersecretary of International Economic Relations (Subrei), José Miguel Ahumada, who was the target of criticism in the middle of the processing of the treaty, will continue to work on bilateral letters.
“Undersecretary José Miguel Ahumada has been working with the countries that are part of the TPP, to see how we can do this of bilateral letters or side letter, that is still in conversations,” the secretary of state told the television channel, explaining that there are two levels of talks. “One is the side letters, which are bilateral agreements where we say ‘let’s not apply the dispute settlement mechanism within the TPP, but that the two of us apply the mechanism we have within the Bilateral Treaty’ or discuss a special mechanism between the two of us,” he said.
“But we have also been talking with the countries that are part of the TPP to discuss how to improve the dispute settlement mechanism within the TPP,” added Minister Urrejola, assuring that “that is a process that will continue, regardless of what the TPP deposit is.”
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