There will be changes especially for the import of poultry meat from Chile. Until now, the import quota was increased by 10 percent annually. Going forward, there will be a fixed import quota without annual increases. The EU grants Chile an additional import quota of 9,000 tons of poultry meat, which will be increased by another 9,000 tons after three years. Additionally, 2,000 tons of beef and 9,000 tons of pork will be imported into the EU.
For the EU countries, dairy exports to the Chilean market will be further opened up for cheese and other products. The Chileans promise to recognize the geographical indications in the EU and facilitate the import of numerous foodstuffs, such as sweets or jam. Chile also commits to complying with EU veterinary standards and refraining from using certain growth hormones in livestock farming.
The new trade arrangements still need to be approved by the EU countries and the European Parliament. The European Commission expects less resistance than with the previous Mercosur agreement with four other South American countries, partly because beef imports play only a minor role in the agreement with Chile.
The EU and Chile concluded an association agreement in 2002 that came into effect in February 2003. Trade in goods between the EU and Chile grew by 163% over the past twenty years. EU goods exports to Chile grew by 284% during the same period.