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Law ratifying Agreement on Partnership Relations between Russia and Chile

June 6, 2012

Vladimir Putin signed the Federal Law On Ratification of the Agreement on Partnership Relations between the Russian Federation and the Republic of Chile.

The federal law ratifies the Agreement on Partnership Relations between Russia and Chile signed in Yokohama on November 13, 2010.

This is a framework agreement aimed at the long-term development of mutually beneficial cooperation between the two states in the political, trade and economic, cultural, legal, science and technology, and other sectors on the basis of universally recognised principles and regulations of international law.

Execution of the Agreement lays the foundations for establishing and developing contacts and cooperation between the Russian Federation and the Rio Group, as well as the Russian Federation and the Union of South American Nations.

The Agreement creates a legal foundation for cooperation between the nations’ relevant agencies in such areas as the fight against international terrorism, including its financing, transnational organised crime, and illegal trade in weapons, drugs, psychotropic substances and their precursors.

The Agreement contains provisions on coordination of the parties’ actions in international financial, trade and economic organisations with the goal of promoting the economic growth and sustainable development of both nations, as well as coordination of efforts to seek solutions to global environmental problems.

June 6, 2012