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China-Chile Free Trade Agreements

On November 22, 2016, during the state visit to Chile by President Xi Jinping.

Under the testimony of the leaders of the two countries, China’s Minister of Commerce Gao Hucheng and Chile’s Minister of Foreign Affairs Muñoz signed the “Memorandum of Understanding between the Ministry of Commerce of the People’s Republic of China and the Ministry of Foreign Affairs of the Republic of Chile on the commencement of the China-Chile Free Trade Agreement “Announced the start of the upgrade negotiations.


FTA signed timetable

The China-Chile Free Trade Agreement was signed in November 2005 and was launched in October 2006 to cover trade in goods and cooperation. It is the second FTA signed by China and signed by China and Latin American countries. The first free trade agreement.

Since August 1, 2010, the “Agreement between the Government of the People’s Republic of China and the Government of the Republic of Chile on Free Trade Agreement on Trade in Services” (ie China-Chile Free Trade Area Agreement on Trade in Services) has been implemented.

China – Chile signed the agreement on April 13, 2008.


FTA signed the scope

According to the agreement, China ‘s computer, management consulting, real estate, mining, environment, sports, air transport and other 23 departments and sub – sectors.

As well as 37 departments and sub-sectors such as Chile’s law, architectural design, engineering, computer, research and development, real estate, advertising, management consulting, mining, manufacturing, leasing, distribution, education, environment, tourism, sports and air transport in their respective WTO Commitment on the basis of further opening to the other side.


The benefits of FTA agreement

The implementation of the agreement will help the two countries to further open up the service market, enhance the advantages of complementarity, enhance international competitiveness; help to improve the investment environment, create business opportunities, reduce transaction costs for the two companies and people bring more benefits And will also contribute to promoting all-round cooperation in various fields of the two countries, expand cooperation areas, raise the level of cooperation and promote the in-depth development of the all-round cooperative partnership between the two countries.

Since the establishment of diplomatic relations in 1970, China – Chile has maintained a good and stable bilateral relations. November 18, 2005 During the informal meeting of APEC leaders in Busan, Korea, China – Chile signed the “China-Chile Free Trade Agreement” under the testimony of President Hu Jintao and former Chilean President Lagos. October 1, 2006, “Sino-Chile Free Trade Agreement” began to implement.