The treaty is critical to protecting and growing U.S. foreign direct investment in Chile, a strong democratic partner, and expanding U.S. economic engagement with the Americas more broadly.
WASHINGTON – Today, U.S. Senator Bob Menendez (D-N.J.), Chairman of the U.S. Senate Foreign Relations Committee, issued a statement celebrating Senate approval of the U.S.-Chile Tax Treaty by a vote of 95-2. The Chile Tax Treaty will facilitate U.S. investment in Chile and Chilean investment in the United States, including by addressing double taxation.
“Today’s historic approval of the U.S.-Chile Tax Treaty represents another meaningful step forward in levelling the economic playing field for American businesses and strengthening U.S. ties with one of our strongest democratic partners in the Americas,” said Chairman Menendez. “This tax treaty – the third of its kind with a Latin American country – will bolster U.S. competitiveness and help advance our national interests by building productive partnerships to enhance our economy and deepening two centuries of diplomatic relations with Chile. I’m proud to have led these efforts in the Senate as part of our shared vision to build a prosperous future for both of our countries.”
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