“The China-Chile FTA Was the Right Decision”
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.