In the last few months, Chile has made it clear that it intends to become a trade platform between the vast Asia Pacific region and the Andean countries, by means of trade treaties and political integration. Prompt re-entry into the Andean Community of Nations (CAN) would be a step in that direction.
Chile formally requested incorporation to the Andean Community of Nations, CAN, in a letter sent by President Michelle Bachelet to her counterparts from Bolivia, Ecuador, Colombia and Peru, reported Foreign Affairs minister Alejandro Foxley.
Chilean President Michelle Bachelet signed a free-trade agreement with China to increase sales of copper, fruit and fish oil to Asia's second-biggest economy.
Viet Nam will receive priority under Chile's plans to develop its free trade agreement (FTA), according to the Chilean Foreign Ministry's External Economic Department.
Legislators in Chile's lower house of Congress on Wednesday approved a free trade agreement with China. The agreement, China's first with a Latin American nation, now passes to the Senate for final ratification.
New Zealand and Singapore are encouraging other countries to join the Trans-Pacific Strategic Economic Partnership Agreement, dubbed the "P4" that also includes Chile and Brunei.