Source: CCTV.com
04-14-2008 09:15
Special Report: BFA Annual Conference 2008On Sunday, China and Chile signed a service trade pact to supplement their free trade agreement, the first of its kind with a Latin American country.
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| Chinese President Hu Jintao (L) shakes hands with his visiting Chilean counterpart Michelle Jeria Bachelet during a welcoming ceremony in Sanya of south China's Hainan Province on April 13, 2008. (Xinhua/Ju Peng) |
Chinese President Hu Jintao and Chilean President Michelle Bachelet witnessed the signing of the agreement in Sanya city in south China's Hainan province. According to the pact, the two countries will further open their service sectors to each other's markets on the basis of their commitments to the World Trade Organization.
Altogether, 23 industries in China, including computer, mining, and environmental sectors, and 37 in Chile such as legal services, architectural design, engineering and real estate, were covered.
China and Chile signed an FTA in 2005 and put it into effect in October 2006. The bilateral trade soared 65 percent year on year in 2007 to 14.7 billion US Dollars.
Editor:Xiong Qu
