China and Chile boost trade and strategic partnership

Consider this.

While, on the other side of the Pacific rim China and Chile boost ties and launch trade settlement in renminbi this government is cosying up to the declining US empire and has signed up to a defence pact (while Australia is opening up to US troops).

While other countries such as Argentina are acting to protect their natural wealth we are selling off our assets – are we to believe that this was motivated by concern for 'mum and dad investors'? We are opening up to fracking and mining and deep-sea oil drilling by foreign companies with a proven record of pollution, and opening our agriculture to foreign investment, industrial agriculture and alienation of New Zealanders from the land.

Other countries' central banks are in a rush to accumulate gold holdings, while this country's Reserve Bank has no such intention.

Just who is acting prudently to safeguard national and economic interest?

China, Chile to establish strategic partnership, boost trade

SANTIAGO, June 26 (Xinhua) -- China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years

Xinhua,

27 June, 2012

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Chinese Premier Wen Jiabao and Chilean President Sebastian Pinera announced Tuesday the establishment of China-Chile strategic partnership and the completion of negotiations on investment-related supplementary deals to a bilateral free trade agreement.

During their talks, Wen urged speedy signing and ratification of these supplementary deals and called for the finalization of the China-Chile free trade area.

For article GO HERE

Chile Is Latest Country To Launch Renminbi Swaps And Settlement

Zero Hedge,

26 June, 2012

The dollar exclusion list is becoming bigger and bigger with every passing day as China gets ready.

For simplicity's sake here is the full list of "bilateral" arranagements in the past year as presented previously: "World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", "China, Russia Drop Dollar In Bilateral Trade", "China And Iran To Bypass Dollar, Plan Oil Barter System", "India and Japan sign new $15bn currency swap agreement", "Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", "India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees", "The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap." 

And now the latest: "China, Chile To Establish Strategic Partnership, Boost Trade... Launch Currency Swap and Settle In Renminbi"

China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years.

 

Chinese Premier Wen Jiabao and Chilean President Sebastian Pinera announced Tuesday the establishment of China-Chile strategic partnership and the completion of negotiations on investment-related supplementary deals to a bilateral free trade agreement.

 

China would like to be actively engaged in Chile's infrastructure construction and work with Chile to promote the development of transportation networks in Latin America, said Wen.

 

Meanwhile, Wen suggested that the two sides launch currency swaps and expand settlement in China's renminbi.

Read more here.

So to summarize, the list of countries that China is transacting with directly (that we know of), and bypassing the USD entirely, is as follows:

• Japan
• Russia
• Iran
• India
• Brazil
• and now, Chile

In other words, it looks like the BRICs already have their "bilateral" arranagements all sorted out, and are now quietly moving into other suppliers of key resources with swap deals, all without any mention of the word "dollar."

How soon until China re-dips its toe in Europe with a modest "bailout" nobody can refuse in exchange for a simple caveat: you get paid in renminbi?