After fifteen study sessions at which different speakers shared points of view, the Ministry of Foreign Affairs and the Senate Foreign Relations Committee signed the Protocol of Understanding to approve the Comprehensive and Progressive Treaty for Trans-Pacific Partnership (CPTPP, also known as TPP-11). This means that the parties are willing to move forward and clarify any doubts brought up by civil society on this initiative. The Treaty must now be ratified by the Treasury Commission, before going to the Senate floor.
The agreement contemplates seven declarations made by the Government of Chile concerning the interpretation of the TPP-11’s content in addition to ten other commitments adopted by the Government on intellectual property, productive development, international trade, labor security and national sovereignty, among others.
The text affirms the Government’s intention to carry out an evaluation of the implementation of the commitments made in the Protocol and to inform the Congress of its results within a maximum period of 3 years.