Economies feeling benefits of FTA

Sino-Chilean trade is expected to hit $35 billion this year, boosted by China's increasing imports and a comprehensive free trade agreement between the two countries.

In 2011, bilateral trade exceeded $29 billion, up 17 percent year-on-year and accounting for one-fifth of Chile's total foreign trade volume.

"Thanks to a comprehensive Free Trade Agreement between the two countries, bilateral trade has been increasing quickly in recent years," said Shao Yingjun, Chinese commercial counselor to Chile, adding that Chile has become China's second-largest trading partner in Latin America.