Chile is the latest country to launch Renminbi swaps and settlements with China

Originally posted on Follow The Money:

http://news.xinhuanet.com/english/china/2012-06/27/c_123334167.htm

China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years.

Chinese Premier Wen Jiabao and Chilean President Sebastian Pinera announced Tuesday the establishment of China-Chile strategic partnership and the completion of negotiations on investment-related supplementary deals to a bilateral free trade agreement.

During their talks, Wen urged speedy signing and ratification of these supplementary deals and called for the finalization of the China-Chile free trade area.

Wen called on the two nations to expand trade in goods, promote trade in services and mutual investment, and double bilateral trade in three years.

The Chinese leader also said the two countries should enhance cooperation in mining, expand farm product trade, and promote cooperation in farm product production and processing and agricultural technology.

China would like to be actively engaged in Chile’s infrastructure construction and work with Chile to promote the development…

View original 143 more words

About Ayanna Nahmias

Ayanna Nahmias was interviewed on Radio Netherlands Worldwide program titled 'The State We’re In,' about her life in Africa and her determination to transcend her past. She started the Nahmias Cipher Report to provide information to readers about life in emerging economies, and to provide alternative insight into the challenges faced by women and children living in these countries. The blog features stories from around the world to inspire other people to persevere and triumph in the face of great adversity. She blogs about current events in emerging economies, international politics, human rights abuses, women’s rights and child advocacy.

View all posts by Ayanna Nahmias

One Comment on “Chile is the latest country to launch Renminbi swaps and settlements with China”

  1. The Cat Says:

    Oh they shouldn’t trust China should they? The Chinese can’t make small electronic goods that last, so how are they going to make an agreement last?

    Reply

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