Scope of FTA with Chile to ex­pand fur­ther

China Daily (Canada) - - LIFE - By ZHONG­NAN zhong­nan@chi­

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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.