This is the last article you can read this month
You can read more article this month
You can read more articles this month
Sorry your limit is up for this month
Reset on:
Please help support the Morning Star by subscribing here
CHILE and China finalised an important currency-swap deal this week, paving the way for greater trade and investment.
Chinese Prime Minister Li Keqiang and Chilean President Michelle Bachelet signed the agreement in Santiago de Chile on Monday.
The deal between Chile’s central bank and the People’s Bank of China facilitates the exchange of up to 2.2 trillion pesos (£2.3 billion) over the next three years.
At the end of a four-nation tour of South America which included Brazil, Colombia and Peru, Mr Li said his country wanted to boost financial co-operation with Chile.
China is now South America’s second-biggest trading partner after the US and the biggest for some of the region’s countries including Chile, accounting for about 24 per cent of its exports.
The two nations also agreed financial, cultural and scientific accords and to cut tourist-visa charges.
