LIMA (Sputnik) — The Trans-Pacific Partnership (TPP) free trade agreement will not impact Chile’s trade relations with Russia, Chilean Finance Minister Rodrigo Valdés told Sputnik.
"Chile is a very open economy and it is willing to have the best possible relationship with all countries… We, moreover, are financially open, happy to have Russian investments," Valdés said on Friday on the sidelines of the International Monetary Fund-World Bank summit in Peru.
Valdés noted that trade relations with Russia will not be impacted as a result of Chile signing on to the TPP. "I do not see a case for that," he stated.
In late October, Russia and Chile are expected to discuss closer collaborative trade and investment ties at their bilateral Intergovernment Commission.
On Monday, trade negotiators representing Chile, the United States, Australia, Brunei, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam signed the TPP agreement.
The deal is a wide-reaching framework to shape the movement of goods and services among Pacific Rim countries and covers about 40 percent of the global economy.
