The Ministry of Finance of Chile: the TTP will not affect trade relations between Moscow and Santiago


LIMA (Peru), 10 Oct. The agreement on TRANS-Pacific partnership (TPP) will not affect trade relations between Russia and Chile, said the Agency Sputnik, Finance Minister of Chile Rodrigo valdés.

“Chile is a very open economy, we are ready to have the best relations with all countries… moreover, financial we are open and happy to have Russian investments,” — said Valdes on the sidelines of the annual meeting of the Board of governors of the world Bank and the IMF in Peru’s capital, Lima.

The Minister noted that the signing of the Chile agreement on TTP will not affect trade relations with Russia. “I see no reason for this,” he said.

The TPP agreement was reached on Monday. It will created a free trade area in the Asia-Pacific region. The Pacific countries account for over 40% of the world economy and a third of world trade. The parties to the agreement — the U.S., Canada, Mexico in North America, Peru and Chile to the South, Japan, Malaysia, Brunei, Singapore and Vietnam in Asia as well as Australia and New Zealand.