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October 29, 2005

China and Chile Sign Trade Pact

China and Chile have signed a trade treaty which ends duties on most goods, most notably copper. According to Chile’s Foreign Ministry, only 1% of Chilean exports and 3% of Chinese exports are not included in the accord.

Of Chilean exports, 1 percent aren't included in the accord while 3 percent of China's exports aren't included, according to Chile's Foreign Ministry.

In addition to this agreement, Chile, a country of only 15 million people, has signed trade pacts with the United States, the European Union, and South Korea.

Chile’s per capita GDP is about $10,600, more than countries such as Russia, Mexico, Thailand, Brazil, Turkey, and yes, China.

Posted by John on October 29, 2005 8:06 AM

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