On April 9th, 2007, students of Tsinghua SEM, including 10 MBA students and 2 Ph.D. candidates, began their long travel to Chile for the exchange program in Pontificia Universidad Católica de Chile. The exchange agreement between Tsinghua SEM and Catholic University of Chile was signed in November, 2006. According to the agreement, in the next three years, the two schools will send 20 students and faculty to each other for a 10-day-course exchange, which aims at promoting the mutual understanding between the two parties and exchanging experiences in business education.  Chilean students are expected to arrive in China this fall.