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On his first day in China, Chancellor Ampuero highlights the importance of free trade for development

Thursday, September 13, 2018

On his first day of official visit to China, Chancellor Roberto Ampuero met with the Minister of Commerce, Zhong Shan, and the Executive Director of Minmetals, Guo Wenqing.

During the meeting with the Minister of Commerce, both authorities highlighted the state of bilateral relations, which has allowed an economic-commercial cooperation that has benefited both companies and people, also highlighting how the reciprocal investment between both countries is accelerating.

China is Chile's main trading partner, with an exchange that reached US$ 34,596 million in 2017 (25.7% of our total foreign trade). Domestic exports amounted to US$ 19.091 billion (27.5% of shipments abroad), US$ 15.445 for mining products.

In addition, the ministers analyzed the status of the modernization process of the Free Trade Agreement, which is in its final legislative proceedings. In addition, when reviewing how to face the protectionist airs that are occurring in the world, they agreed on the importance of free trade, which for Chile has been key in its development.

They also discussed the China International Import Expo, to be held in Shanghai next November and where Chile will be represented, in addition to its companies, with a country pavilion.

Later, in his meeting with the Executive Director of Minmetals, the Secretary of State discussed the work being done by the Chile-China Binational Business Council, the main mechanism for conversation between businessmen from both countries.

Tomorrow, the Secretary of State will hold meetings with the Vice President of China, Wang Qishan, and Chancellor Wang Yi. In addition, he will meet with CEOs of local companies and inaugurate the Venture Capitals seminar on innovation in Chile and technological entrepreneurship.