China-Chile MOU deepens trade ties as Beijing looks to cement relations with ‘stable markets’
- Fruit trade groups in China and Chile have signed a memorandum of understanding (MOU) to boost trade ties, building on a 2005 bilateral free-trade agreement
- Chile’s exports to China have in recent years been growing faster than the US and Australia, both of which are locked in trade spats with Beijing
Fruit industry groups in Chile and China have signed a memorandum of understanding (MOU) to deepen trade ties, as China looks to shore up its relationships with “pragmatic” countries amid growing geopolitical tensions with traditional trading partners such as the United States and Australia.
The Association of Fruit Exporters of Chile (ASOEX) and the Chinese Chamber of Commerce for the Import and Export of Food and Native Products (CCCFNA) signed the agreement early this week, pledging to boost exchanges of technology and technical expertise, support publicity, and improve transparency in trade and customs data to help faster exports.
“China has become a very important market for Chilean fresh fruits and we felt that it was necessary to formalise our current way of working … in these uncertain and challenging times, it has never been more important to facilitate and enhance our cooperation with China,” president of ASOEX Ronald Bown said in a press release.
I believe what we’re seeing here is China’s attempt to solidify and deepen trading relationships with what it views as stable partners
Chile’s exports to China have been growing faster than those from the US and Australia in recent years, thanks to targeted marketing campaigns and lower prices that have tapped into Chinese market trends for cheaper high-quality products.
