FREE TRADE AGREEMENT

BETWEEN

THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA

AND

THE GOVERNMENT OF THE REPUBLIC OF CHILE

Preamble

The Government of the People’s Republic of China (“China”) and the Government of the Republic of Chile (“Chile”), hereinafter referred to as “the Parties”;
Committed to strengthening the special bonds of friendship and cooperation between their countries;Sharing the belief that a free trade agreement shall produce mutual benefits to each Party and contribute to the expansion and development of world trade under the multilateral trading system embodied in the Marrakesh Agreement Establishing the World Trade Organization (“the WTO Agreement”);
Building on their respective rights and obligations under the WTO Agreement and other multilateral, regional and bilateral instruments of cooperation;
Supporting the wider liberalization process in the Asia-Pacific Economic Cooperation (APEC) and in particular the efforts of all APEC economies to meet the Bogor goals of free and open trade and the actions subscribed on the Osaka Action Agenda;
Recognizing the contribution, guidance and meaningful reference of the APEC Best Practices for Regional Trade Arrangements (RTAs), Free Trade Agreements (FTAs), and other Preferential Arrangements;
Resolved to promote reciprocal trade through the establishment of clear and mutually advantageous trade rules and the avoidance of trade barriers;
Recognizing that this Agreement should be implemented with a view toward raising the standard of living, creating new job opportunities, and promoting sustainable development in a manner consistent with environmental protection and conservation; andCommitted to promoting the public welfare within each of their countries;