New elements of the modernized FTA EU Chile
The main aspects of the modernized FTA (free trade agreement) between the UE and the Chile are:
- accounting segregation for fungible materials;
- non alteration principle;
- claim for preferential tariff treatment by means of either statement of origin (with REX for EU economic operators) or importer knowledge;
- requirement of record keeping;
- bilateral cumulation EU-Chile; right of the parties to study more complex ways of cumulation.
The AEO authorization can support the economic operator in ensuring high compliance with the obligations of the FTA.