WASHINGTON, June 21 (Reuters) - The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen as crucial for ensuring access for U.S. companies to lithium, a mineral essential for electric vehicle batteries.
The agreement cleared a Senate procedural hurdle by 97-2, comfortably over the two-thirds supermajority required to approve treaties in the 100-member chamber.
Business interests have been pushing for the tax agreement for years.
Final approval would send the treaty to the White House, where President Joe Biden must sign the papers necessary for ratification.
Chile announced a plan to expand lithium mining in the country in April in an attempt to regain its position as the world's top lithium producer.
Persons:
Joe Biden, Chuck Schumer, Patricia Zengerle, Alistair Bell
Organizations:
U.S, Senate, U.S . Chamber, Commerce, White, Democratic, Thomson
Locations:
Chile, Washington