“The China-Chile FTA Was the Right De­ci­sion”

China Today (English) - - CONTENTS -

The bi­lat­eral FTA that came into force a decade ago was the first FTA China signed with an in­di­vid­ual coun­try.

dru­pled, China now ac­counts for 25 per­cent of Chilean for­eign trade.

Jorge Heine: Too true. One in ev­ery US $ 4 that Chile earns from ex­ports comes from China. This is par­tic­u­larly in­ter­est­ing in view of a re­port shortly be­fore the FTA was signed, pre­dict­ing that Chilean ex­ports would grow only three per­cent, while im­ports from China would rise to around 15 or 16 per­cent, which has not hap­pened. On the con­trary, Chilean ex­ports have in­creased 15 to 16 per­cent an­nu­ally over the last 10 years, and Chi­nese im­ports have also shown healthy growth. So it has been a good deal for both par­ties.

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