On November 18, 2016, Chile and Hong Kong-China signed a complementary investment agreement that complements their free trade agreement in force since 2014. Russia Briefing is written by Dezan Shira – Associates. The company has been active in China for 27 years and helps Russian and foreign investors set up branches in the country. Please contact us at the firstname.lastname@example.org or visit www.dezshira.com Chile began establishing diplomatic relations with the Soviet Union on December 11, 1944, but they were short-lived when they were separated on October 27, 1947 due to the worsening of the Cold War and the ban of the Chilean Communist Party.   In 1956, Soviet Prime Minister Nikolai Bulganin declared that the Soviet Union was ready to develop relations with Latin American countries on the basis of friendly cooperation, mutually beneficial trade relations, peaceful coexistence and non-interference in internal affairs. For the first time since 1944, Soviet foreign policy has allowed for a proliferation of relations between the Soviet Union and the Third World. In Chile, these changes were widely debated in the 1950s and 1960s, with Chile openly opposing with the United States the threat of “communist aggression” in Spiratoge from World War II. Since its ally with the United States, Chile has suspended all diplomatic relations with the Soviet Union, ended all forms of bilateral economic relations, and banned and persecuted communist parties. The Cuban revolution of 1959 triggered a new wave of anti-communism in Latin America, reaffirming the Chilean government`s decision to stay away from Soviet influence and relations.  It is certain that the possibilities of using the eurasian Economic Union platform were discussed, with Benitez noting that his country was interested in signing a free trade agreement with the Eurasian Economic Union. This would make Chile one of the first countries in South America to join the EAEU and Chile`s dignity would allow access to Russia and the countries of the EAEU and vice versa.
Andrés Rebolledo, director of the trade relations body De Direcén, said the trading bloc was extremely important in the market for Chile. The EAEU is of great importance for future global trade patterns, as it is effectively between China – which is still negotiating tariffs with the EAEU – and the European Union. For Chile to be part of it, the Western reach of the countries naturally extends to Asia, while allowing Russian Member States and other EAEU member states access to a new South American market accessible via Vladivostok. It takes 38 days to send from Vladivostok to Santiago de Chile. After the accession of The Christian Democrat Eduardo Frei Montalva to the Chilean presidency on 3 November 1964, relations resumed on 24 November 1964 and it was not until 1967 that the two states signed bilateral agreements.   Salvador Allende`s victory in Chile`s 1970 presidential elections gave the Soviet Union the opportunity to develop close ties with Chile. The victory of Allende`s Unidad Popular political party, a coalition of socialist, communist and leftist parties, showed that the Chilean government was ideologically and politically closer to the Soviet Union than any other country in South America. However, the Soviet Union was hesitant to shoulder the burden of ensuring the success of the Chilean experiment.