VOICED : Congreso de Chile ratifica acuerdo transpacífico pero Boric postergará su firma

VOICED : Congreso de Chile ratifica acuerdo transpacífico pero Boric postergará su firma

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Social Studies

10th Grade - University

Hard

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The Chilean Senate approved the Trans-Pacific Trade Agreement after four years of deliberation, with 27 votes in favor. The agreement was supported by the right-wing opposition, while the left-wing bloc opposed it. Some members of the governing coalition approved it due to Chile's economic slowdown. The agreement, signed in 2018 by 11 Asia-Pacific countries, represents 13.5% of the global economy. President Gabriel Boric, who opposed the agreement before taking office, plans to delay ratification pending bilateral negotiations to exclude the investor-state dispute resolution mechanism.

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