On July 14, 2017, Chile and China concluded the second round of negotiations aimed at deepening the Chile-China free trade agreement. The third round of negotiations took place from 28 to 30 August 2017 in Santiago, Chile. Chile and China signed the expanded and modernized free trade agreement on November 11, 2017 in Da Nang, Vietnam. On Wednesday, October 24, 2018, the Chilean Senate approved the protocol amending free trade and the complementary agreement on trade in services signed between Chile and China. Complementary Agreement on Trade in Services of the China-Chile Free Trade Agreement (Chinese version) China`s Specific Commitments Calendar (English version – Chinese version) Chile`s timetable for specific commitments (English version – Chinese version) Chile was the first Latin American country to establish diplomatic relations with the People`s Republic of China from 15 December 1970. However, relations stagnated for decades, until the two countries signed a free trade agreement in 2005. It was China`s first free trade agreement with a Latin American country. In December 2015, Chile and China conducted technical negotiations to expand and deepen their existing agreement. The meeting focused on trade in services, e-commerce, rules of origin, customs procedures and trade facilitation, market access, the environment, competition policy and technical and economic cooperation. Since the establishment of diplomatic relations in 1970, bilateral economic relations have developed considerably. Chile has become China`s third largest trading partner, behind Brazil and Mexico. The volume of bilateral trade reached a record $2.565 billion in 2002.

[2] The enhanced free trade agreement between China and Chile came into force on 1 March 2019. China Briefing discusses bilateral trade relations between China and Chile, as well as important market opportunities for foreign investors. In 2016, bilateral trade between Chile and China amounted to $31.36 billion compared to only $7 billion in 2005. This shows how effective the free trade agreement has been in promoting trade between the two countries. The ongoing relationship was built on pragmatism and non-interference. [6] China supported Chile`s sovereignty over Antarctica, and in return, Chile allowed the Chinese to build the Great Wall Research Station within Chile`s territorial pretensions. There was also an attempt by an arms-making joint venture between Norinco and FAMAE to reduce Chile`s military dependence on the United States. [6] Pinochet maintained his relationship with China.

[7] Pinochet visited China in 1993 and 1997. [8] The agreement will help Hong Kong companies penetrate the Chilean market, which offers potential opportunities as an emerging market as a market in itself, as well as opportunities for access to the South American region.