Bilateral trade volume has grown fourfold since the FTA went into effect in 2006. China is now Chile's largest trading partner, its largest export destination and the largest buyer of copper products.
Currently, Chile is China's second largest source of wine imports, with bottled wine exports to China up by 46 percent in 2017. The two countries have signed a number of quarantine agreements on cherries, blueberries and avocados.
China has become an important market for Chilean cherries, blueberries, apples, grapes and a variety of seafood such as salmon. Chinese products with good quality and competitive prices are also popular among Chilean consumers. For example, Chinese-made cars have taken up a considerable share of the Chilean auto market.
China's first RMB clearing bank in Latin America was opened in Chile in June this year, setting up a platform to upgrade financial cooperation between China, Chile and the rest of Latin America.
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2020-09-15
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