China, Chile mull upgrading FTA amid closer trade ties

Premier Li Keqiang is welcomed by Chilean President Michelle Bachelet at the presidential palace in Santiago on Monday. The two leaders also watched a parade of honor guards.[Photo/english.gov.cn]

SANTIAGO -- China and Chile on Monday agreed to explore the possibility of upgrading their decade-old free trade agreement (FTA) to further promote bilateral trade and investment.

The latest move came as the two governments issued a joint declaration after visiting Chinese Premier Li Keqiang met with the Chilean President Michelle Bachelet.