(VOV) -A seminar was held in southern Dong Nai province on August 1 to shed light on specific aspects of the Vietnam-Chile free trade agreement (FTA) and discuss opportunities to boost exports in the Chilean market.
- Vietnam, Chile strengthen all-round cooperation
- FTA promotes Vietnam-Chile agricultural trade
- Vietnam-Chile trade exceeds US$600 million
Speaking at the seminar, Chilean Vice Ambassador to Vietnam Alvaro Guzmán said his country is seeking opportunities for partnering with Vietnamese businesses in agriculture, garment and textiles, footwear, food, tropical fruits, handicrafts, and consumer products.
He emphasised that Chile is a gateway for Vietnamese exporters to access and expand operation in the South American market.
The Vietnam-Chile FTA, which took effect as of January 2014, has created a wealth of opportunity for local businesses to promote exports to the Chilean market and tariffs have gradually been reduced to 0% on most Vietnamese exports.
Ngo Van Phong, a senior official from the Ministry of Industry and Trade, in turn said tax reduction and exemption after the two countries’ FTA came into effect have helped Vietnamese goods raise their competitiveness.
This is also an excellent opportunity to attract foreign investors to Vietnam, he added.
Phong suggested local exporters study contents of the bilateral FTA carefully before attempting to penetrate the Chilean market. It is also essential to increase exchange with Chilean businesses and those from third countries to thoroughly grasp market information, he said.
According to the Vietnam-Chile FTA, both sides will remove tariff barriers for more than 9,000 products subject to different roadmaps, and offer many investment incentives to service areas over the next three years.
The agreement, however, has many important regulations on market access, rules of origin, quarantine, technical barriers, cooperation, and technical defence that must be complied with and carefully studied.
Đăng ký: VietNam News