China and Chile, the world’s largest copper consumer and supplier respectively, signed a memorandum of understanding to create a joint commission on mining, which paves the way for more Chinese miners to explore the lucrative mining market in the South American nation, said a visiting Chilean official.
A diplomatic gaffe by "jet-lagged" Trade Minister Jim Sutton is thought
unlikely to deter Chile from signing a three-way trade deal with New
Zealand and Singapore next year.
A new trade deal with Chile could be a significant spur for the development of a Southern Hemisphere counterweight to huge northern pacts such as the European Union and the North American free trade agreement, a study by Victoria University researchers says.
Chile said Wednesday it wants to improve ties with China in the hope of eventually signing a free trade agreement and has set a date with Beijing for preliminary talks.
Visiting Chinese Vice Premier Hui Liangyu and Chilean Foreign Minister Soledad Alvear declared Friday that their countries will soon launch a feasibility study on a free trade agreement (FTA) between them.
South Korea’s parliament braved the wrath of a powerful farm lobby on Monday to pass a free trade agreement with Chile, the Asian trading powerhouse’s first bilateral market-opening deal.