The European Union and Chile have agreed to expand their trade relations. With 99.9 percent of EU exports to Chile duty-free, the EU expects an increase in its exports of up to 4.5 billion (10*9) euros. Among other things, Chile will liberalize imports of dairy products and food preparations from the EU. The existing tariff quotas for EU cheese will continue to apply temporarily, but are to be liberalized over seven years at the latest. Chile has assured the EU that it will take into account the protection of geographical designations.