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Ratification of the pending US-Chile Treaty, along with other pending treaties, has been stalled — most recently, due to a potential conflict between certain provisions of US tax law enacted in 2017 and the nondiscrimination article and/or other articles of the treaty.

Following recent input from the business community, the Senate Foreign Relations Committee considered the pending treaty at a hearing, and on March 29, 2022, approved it for full Senate consideration, with certain reservations. If ultimately approved by the Senate, the reservations would require the approval of Chile in order for the treaty to progress toward ratification. 

The takeaway: There is presently momentum behind consideration by the full Senate of the pending US-Chile Treaty. How the process moves forward has implications both for the progress of the US-Chile Treaty, as well as other pending treaties