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Japan-Chile to sign free trade pact in March

Gulf Daily News | 25th February 2007

Japan-Chile to sign free trade pact in March

TOKYO: Japan is expected to sign a free trade deal with Chile when the South American country’s foreign minister visits next month, a news report said Saturday.

It will be Japan’s first such agreement with a country in South America, Kyodo said.

Japan and Chile are seeking to bring the agreement into effect around September after winning approval from their parliaments, Kyodo News said, citing negotiation sources.

Japan, the world’s second largest economy and a major exporter, has been seeking a growing number of free trade deals as global liberalisation talks languish.

Since signing its first agreement with Singapore in 2002, Japan has sealed deals or their framework with Brunei, Chile, Indonesia, Mexico, Malaysia, the Philippines and Thailand.

It is in negotiations with India, South Korea and ASEAN as a region.

 source: Gulf Daily News