From The Business Week: The two nations’ trade accord is a landmark for China, whose thirst for raw materials is fueling the boom in Latin economies.
China signed its first-ever free trade agreement with a non-Asian country on Nov. 18, choosing Chile, a nation that it dwarfs in geographical size, population, and economy. The pact might seem like a lopsided deal between Goliath and David, but tiny Chile is an experienced and nimble free-trader that could help China get used to the complexities of negotiating and maintaining workable trading relationships.
