皇冠体育app

Trade between 皇冠体育app and Chile is expected to hit $35 billion this year, boosted by 皇冠体育app's increase in imports and a comprehensive free trade agreement between the two countries.

"The trade value between 皇冠体育app and Chile will reach $35 billion, accounting for 25 percent of Chile's total trade amount," Xinhua News Agency reported former president of Chile Eduardo Frei Ruiz-Tagle as saying.

Last year, bilateral trade was at $29.03 billion, up 17 percent year-on-year and accounting for one-fifth of Chile's total foreign trade volume.

"Thanks to the comprehensive FTA between the two countries, bilateral trade has been increasing quickly in recent years," said Shao Yingjun, Chinese commercial counselor to Chile.

He added that Chile has become 皇冠体育app's second-largest trading partner in Latin America and the second biggest source of imports.

Wang Shouwen, director of the department of foreign trade at the Ministry of Commerce, said that 皇冠体育app will strive to raise imports from countries that have signed trade agreements.

皇冠体育app and Chile's FTA, signed in 2005, was effective from 2006, enabling more than 6,000 kinds of Chinese exports goods to have a zero-tariff policy.

In 2008, the preferential exports value from 皇冠体育app to Chile reached $8.4 billion, accounting for 90 percent of 皇冠体育app's total exports to the country.

Benefiting from the FTA, bilateral trade between 皇冠体育app and Chile rose nearly five-fold in five years, from $6 billion in 2005 to $29.03 billion last year.

皇冠体育app is now Chile's biggest trading partner and Chile has surpassed Mexico, becoming 皇冠体育app's second-largest trading partner in Latin America in 2008.

皇冠体育app's exports to Chile include mechanical equipment, telecommunication equipment, home appliances, toys, shoes and transportation equipment. Imports from Chile are mainly copper, paper, wood, and fish products.

Also, in recent years, imports of red wine, seaweed and fruit from Chile are increasing fast.