China and Chile agreed Tuesday to start negotiation on upgrading their Free Trade Agreement (FTA). [Special coverage]
The announcement was declared during Chinese President Xi Jinping's state visit to the South American nation.
The two countries signed their FTA in 2005, which helped boost bilateral trade volume to nearly 32 billion U.S. dollars last year.
China and Chile agreed on Tuesday to lift bilateral ties to a comprehensive strategic partnership.
The decision was announced during Chinese President Xi Jinping's first state visit to Chile since taking office in 2013.
Chinese President Xi Jinping arrived in the Chilean capital of Santiago Tuesday afternoon for a state visit to the Latin American country.
Chile is the third leg of Xi's three-nation Latin America tour, which has already taken him to Ecuador and Peru. In Peru, Xi also attended the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting. >>>