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China and Chile sign trade agreement

The new treaty expands on the previous free trade agreement reached between the two countries in 2005, which was the first agreement the Asian nation had signed with a Latin American country.

14 de Abril de 2008 | 13:42 | El Mercurio Online

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BEIJING.- China and Chile have signed a trade agreement to allow mutual investments in areas such as Information Technology, mining and ecological industries.


According to a statement posted on the website for the Chinese Ministry of Trade on Sunday night, the agreement will allow 23 companies belonging to the Chinese service industry to invest in Chile. 


The treaty also gives Chinese companies access to the Chilean market in 37 industrial sectors, including law, real estate and engineering.


The agreement was signed after Chilean President Michelle Bachelet met with her Chinese counterpart, Hu Jintao, during a ceremony at a regional economic forum being held in the southern province of Hainan. 


The new alliance expands on the previous free trade agreement reached between China and Chile in 2005, which was the first the Asian nation had signed with a Latin American country.  Bilateral trade between the two nations has grown by 65%, reporting a total of 14.7 billion dollars last year.



 

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