LatinNews Regional Monitor: Brazil & Southern Cone - 22 November 2018

* Chile’s President Sebastián Piñera and his Brazilian counterpart Michel Temer have signed a new bilateral free trade agreement (FTA) which would promote electronic trade, exchange of services, participation of Chilean companies in public procurement in Brazil, and the elimination of telephony roaming charges among other things. In a statement President Piñera said that Brazil was not only Chile’s main trade partner in the region, with bilateral trade worth over US$11bn, but also the main destination for Chilean investment which is worth more than US$31bn. According to the statement, in the first eight months of 2018, bilateral trade has increased by 21% to reach US$6.8bn. The FTA expands a tariff pact agreed by the two countries in 1996.

End of preview - This article contains approximately 121 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial