Jorge Heine, research professor at the Frederick S. Pardee School of Global Studies at Boston University and former Chilean ambassador to China: “The U.S. Senate’s approval of a U.S.-Chile treaty to avoid double taxation is an important step in the countries’ relations and in U.S.-Latin American relations more generally, as it will hopefully open the door to similar treaties with other countries in the region (until now, only Mexico has one). For Chile, the United States is a key trade and investment partner, and this treaty, if finally ratified and signed by President Biden, should facilitate bilateral trade and investment flows and give greater legal certainty to business deals. That said, an obvious question is why a treaty that was signed in 2010 and ratified by Chile in 2015 is only receiving U.S. Senate ratification in 2023. It surely is not a coincidence that this is happening precisely at a time when U.S. companies, in stiff competition with Chinese companies, are eager to participate in bids for acquiring the rights to mine Chile’s lithium deposits. As it happens, Chile has had a treaty to avoid double taxation with China since 2017. This means that…”