As reported here, first, the bill was discussed and approved by the Chamber of Deputies on 14 January 2021. Then, it was sent to the Senate for its approval.
The Madrid Protocol is administered by the World Intellectual Property Organization (WIPO). The Treaty establishes an international system that facilities the registration and management of trademarks in the countries of its Contracting Parties.
The Madrid Protocol will enter into force in Chile after the respective promulgation and that the instrument of accession is deposited with WIPO.