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2.7.  In recent years, Chile's international trade policy efforts have focused to a great extent on modernizing existing trade agreements. (...) This process of modernization has deepened the country's trade commitments to promote sustainable and inclusive development. As a result, chapters have been included that grant greater participation to SMEs; others address environmental and sustainability concerns; while yet others cover gender equality and inclusion matters. Ultimately, this modernization process has sought to deploy third-generation agreements, thereby strengthening ties with major trading partners, and at the same time responding to the challenges of sustainability in its three dimensions.

2.8.  (...) Chile also aims to foster international cooperation on economic, social, environmental and good governance matters, thereby promoting regional and global integration(...)

2.13.  A recent example of this is the Advanced Framework Agreement (AFA) with the EU, with its investment chapter reflecting recent trends in investment, which is intended to balance investment protection with the right of States to pursue legitimate public policy objectives. The provisions on investment protection are based on clear and precise rules. Furthermore, following Chile's recent practice, a provision on responsible business conduct was incorporated to promote sustainable practices that address both environmental and social risks by encouraging companies to make a positive impact in the communities in which they operate. (...)

2.22.  Of the 33 trade agreements entered into by Chile that are currently in force, 21 include environmental provisions and 20 include labour provisions. These agreements also incorporate provisions on commitments to effectively apply the respective environmental and labour regulations, and to promote legislation with high standards of protection of the environment and of workers' labour rights. These clauses are expected to facilitate commercial relationships within a framework of sustainable development. Since negotiating the CPTPP[the Comprehensive and Progressive Agreement for TransPacific Partnership], Chile has started incorporating specific clauses on both environmental and labour issues. Examples of such provisions include those on fisheries, forests, wild flora and fauna, biodiversity, forced labour and responsible business conduct.

2.23.  In this regard, it is worth noting that between 2015 and 2022, the following trade agreements entered into force: (...) (b) Comprehensive Economic Partnership Agreement with Indonesia, both of which include cooperation articles on environmental and labour issues; (c) Free Trade Agreement with Uruguay, Argentina, Brazil, Ecuador, Paraguay (not yet in force) and the CPTPP[the Comprehensive and Progressive Agreement for Trans-Pacific Partnership], which include chapters on environmental and labour issues; and (d) trade agreements with Brazil, Ecuador and the CPTPP, which include chapters on environmental and labour issues.

2.26.  (...) Chile also participated in the Twelfth Ministerial Conference (MC12), and joined with other WTO Members in adopting the Agreement on Fisheries Subsidies. This instrument marks a major step forward for ocean sustainability. The Agreement made it possible to fully implement target 14.6 of the Sustainable Development Goals through a binding multilateral agreement within the WTO. (...)

2.27.  (...) It is worth noting that Chile co-coordinated negotiations on investment facilitation for development with the Republic of Korea. In addition, Chile actively engages in initiatives relating to trade and environment, such as the Trade and Environmental Sustainability Structured Discussions, the Informal Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade, and the Fossil Fuel Subsidy Reform.

2.32.  In 2020, Chile marked its tenth year as a full member of the OECD. In this capacity, Chile regularly participates in many of the OECD's committees and working groups, and is regularly evaluated in various areas, such as the economy, the environment and governance. (...)

2.33.  The OECD has developed innovative approaches and robust metrics, based on comparative experience and empirical evidence, to assess how public policies contribute to improving people's well-being. Its work focuses on areas such as agriculture, taxation, fiscal and monetary policy, education, international trade, gender inclusivity and environmental sustainability.

2.34.  Chile's accession to the OECD Convention was a significant milestone, both from a national and a regional perspective, positioning Chile as the second Latin American country and the first South American country to join the organization. The accession process also led to reforms in some public policies[16] aimed at aligning them with the high standards and best practices of the OECD. (...)
[16] Notable examples include the work done in the environmental sector, which included the creation of the Ministry of Environment, the Supervisory Authority and the Environmental Assessment Service.