Charaña Accord

The Charaña Accord, also known as the Hug of Charaña or the Act of Charaña, is the name given to an unrealized treaty that was discussed between the dictators of Bolivia and Chile, Hugo Banzer and Augusto Pinochet respectively. These discussions took place mostly on the Bolivian train station of Charaña on February 8, 1975, and included the brief reestablishment of diplomatic relations between the two nations which had been severed on 1962 because of the Atacama border dispute which was to be solved via a Chilean proposal for the exchange of territories between Bolivia and Chile, with the former receiving a corridor to the Pacific Ocean which would provide it with access to the sea and Chile receiving an equivalent amount of territory from Bolivia along its border with Chile.

In the end, the proposal failed after Peru objected to it as Peru had veto power over any territorial exchange along its border due to previous international treaties it had with Chile and Bolivia. After the proposal failed Bolivia again severed diplomatic relations with Chile in 1978, which have not been resumed to this day while it still maintains a claim over a strip of Chilean land that would give it access to the sea which has historically been Bolivia's greatest ambition and desire; thus, the failure of this most recent attempt at a peaceful diplomatic solution to Bolivia's most prominent international dispute has continued to cast a negative shadow over its relation with Chile; a relation which today has been described as extremely tense at times and non-existent at others, but never easy or friendly.

The territorial dispute eventually culminated in a suit presented by Bolivia before the International Court of Justice at the Hague against Chile which Chile won in December 2018.