China, Chile 'landmark' FTA seen as a boon

The deal upgrading the China-Chile Free Trade Agreement, signed two weeks ago and witnessed by the presidents of both nations, will facilitate e-commerce through measures such as streamlining customs procedures, said Chilean Ambassador to China Jorge Heine.

Hailing the protocol as a "landmark", Heine told China Daily on Tuesday that the upgraded China-Chile FTA includes rules on government procurement, competition policy and e-commerce.

On Nov 11, President Xi Jinping and Chilean President Michelle Bachelet witnessed the signing of the deal on upgrading the FTA between the two countries on the sidelines of the APEC Economic Leaders Meeting in Da Nang, Vietnam. It is China's first FTA upgrade completed with a Latin American country.