China will become Chile’s main importer of foodstuffs in a decade, Chilean ambassador to China Jorge Heine wrote in a Chilean newspaper Tuesday [12 May 2015]. Chile currently rivals the United States in exporting foodstuffs to China and “there aren’t too many markets in which Chile competes head to head with the United States,” said Heine in an article published in Chilean daily El Mercurio’s blogs section, titled “Chile as a food power and the China challenge.”…Full Article: ECNS.cn May 2015

Key Points

  • From 2005 to 2013, Chilean exports to China grew from US$5 billion to US$19 billion. Copper constitutes the largest portion of Chilean exports by value. Chile is a known Chinese supplier of fresh fruit, wine, and fish.
  • In 2013, Chile exported US$543 million worth of fresh fruit to China, surpassing the USA.

ChinaAg Comments

  • For full coverage of Chilean-Chinese agricultural trade, please visit: http://chinaag.org/tag/chile/
  • By 2015/2016, the FTA between Chile and China will guarantee that 97% of traded products will have a 0% tariff duty rate.
  • In October 2006, the FTA went into effect.
  • In November 2005, China and Chile signed the China-Chile Free Trade Agreement (FTA).

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