On the recordJune 22, 2023
this treaty is not getting much attention, but it is one of the more important things we are doing in the Senate in the last month--in the last few months--because it is very important for U.S. leadership, in the things we care about in terms of climate change, clean tech, EV batteries, that we have this treaty. The treaty is going to have lasting benefits for the United States and Chile. It expands investment in one of the most mineral-rich regions in the world--critical for making EV batteries and other clean tech. It will ensure that Chinese competitors won't continue to have the edge over U.S. companies in the race for lithium and other minerals when it comes to Chile. The Chilean people want to be close to the United States. I see some of our Chilean representatives in the Gallery. This treaty makes us much closer because there is no double taxation for American companies when they want to invest in Chile. Let's not forget that Chile has more lithium than any other country in the world, and lithium is one of those key elements that we need to make EV batteries and make solar panels and so many other things. So this Chile tax treaty is very good news for American jobs, American clean energy transition, and we are strengthening our economic bonds with a crucial ally, a vital ally, in South America. I just had the opportunity to meet with the representatives of the Chilean Government--the Foreign Minister, the Ambassador.…





