This study provides an ex-ante impact assessment of the possible modernisation of the EU-Chile Association Agreement. Since the current Agreement entered into force in 2003, Chilean exports of agricultural/food products and services to the EU have nearly tripled while EU exports to Chile have...

The international fragmentation of production is re-shaping the world economy. Global value chains (GVCs) are at the forefront of this phenomenon with China and the EU emerging as key production hubs. The evidence suggests that value chains are increasingly regional rather than global with three...