The two-way trade between Vietnam and Chile reached over 791.9 millionUSD in the first 11 months of this year with the balance of trade infavour of the Southeast Asian nation.
During the January-Novemberperiod, Vietnam’s exports to Chile were valued at 465.6 million USDwhile imports from the South American country were 326.4 million USD.
NguyenThanh Quang, a representative from the Chilean Consulate General’sTrade Office in Ho Chi Minh City said Vietnam’s main exports werefootwear, apparel, coffee, plastic products, vegetable and fruits, andwooden furniture.
Chile has advantages in mining, metallurgy,fishing, wine making, and food processing which turn out products inline with Vietnam’s demand, he added.
According to Quang, through Chile, Vietnamese goods are expected enter other Latin American markets.
Thefree trade agreement (FTA) between the two countries, which came intoeffect on January 1, 2014, has offered numerous opportunities forbusinesses as well as creating a breakthrough for Vietnamese goods topenetrate into the Chilean market, he said.
Under the agreement,87.8 percent of goods exported from Chile enjoy preferential taxes overthe next 15 years. Vietnam in turn benefits from a low-to-zero tax ratefor its key export products, namely garments, seafood, coffee, tea,computers and spare parts.
In 2013, two-way trade reached 534 million USD, of which Vietnam’s imports were 315 million USD.-VNA
During the January-Novemberperiod, Vietnam’s exports to Chile were valued at 465.6 million USDwhile imports from the South American country were 326.4 million USD.
NguyenThanh Quang, a representative from the Chilean Consulate General’sTrade Office in Ho Chi Minh City said Vietnam’s main exports werefootwear, apparel, coffee, plastic products, vegetable and fruits, andwooden furniture.
Chile has advantages in mining, metallurgy,fishing, wine making, and food processing which turn out products inline with Vietnam’s demand, he added.
According to Quang, through Chile, Vietnamese goods are expected enter other Latin American markets.
Thefree trade agreement (FTA) between the two countries, which came intoeffect on January 1, 2014, has offered numerous opportunities forbusinesses as well as creating a breakthrough for Vietnamese goods topenetrate into the Chilean market, he said.
Under the agreement,87.8 percent of goods exported from Chile enjoy preferential taxes overthe next 15 years. Vietnam in turn benefits from a low-to-zero tax ratefor its key export products, namely garments, seafood, coffee, tea,computers and spare parts.
In 2013, two-way trade reached 534 million USD, of which Vietnam’s imports were 315 million USD.-VNA
