Scope of FTA with Chile to expand further
China and Chile are in talks to expand the 10-year-old free trade agreement between the two sides, to boost trade in agricultural products and develop logistics and financial services, Chilean officials said onWednesday.
Carlos Furche, ChileanMinister of Agriculture, said governments from both sides are keen to accelerate talks in areas including air transportation, e-commerce, services, customs procedures and rules of origin, as well as add grapes, pork and wool in the trade list of agricultural products.
Both countries sealed a FTA deal in November 2005 that has since made China the South American country’s largest trade partner. Bilateral trade amounted to $34.1 billion in 2014, five times greater than before the pact was signed in 2005, data from the Ministry of Commerce show.
China exports mainly construction machinery, manufacturing equipment, steel, electronics, textiles, garments and household appliances to Chile.