A Free Trade Agreement Signed Between Chile And Chile Is About To Take Effect.

The free trade agreement (hereinafter referred to as "FTA") signed by P < a href= "//www.sjfzxm.com/news/index_p.asp" > Vietnam < /a > and a href= "//www.sjfzxm.com/news/index_p.asp" > Chile will become effective in January 1, 2014.

The signing of the agreement is a green channel for Vietnam to open its exports to Chile and most Latin American countries.

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Delain Tiffan Dinh Tran, Vietnam's trade counselor in Chile, said that many of Vietnam's products were exported to Chile, including footwear products, arts and handicrafts, furniture and household appliances, in the FTA clause P. (Dinh)

All these commodities are exported to Chile and enjoy zero import tariff policy.

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< p > compared with other countries with similar strength in Asia, the reduction of a href= "//www.sjfzxm.com/news/index_p.asp" and tariff < /a will help improve the competitiveness of Vietnamese export commodities.

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< p > Delain Tiffan added, "Chile and other Latin American markets are not as strict as those in Japan and Europe, so Vietnamese goods are easy to penetrate into these markets."

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< p > from 2010 onwards, Vietnam's exports to Chile grew at a rate of 20% per year. By the end of this year, the total export volume is estimated to reach US $250 million.

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< p > however, the relevant departments of the two countries indicated that the trade potentials of the two sides have not yet been fully realized.

Rundii Jan Duy Khien, head of the US market division under the MIT, points out that Chile is more inclined to trade with the countries that sign FTA with them, Nguyen.

Therefore, trade with Vietnam has not played a catalytic role in Chile in the past.

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In order to make full use of the vast market in Chile and other markets in the region, domestic enterprises should seriously consider some practical situations, such as how to choose the right geographical location for the sake of cost saving, in order to make full use of the vast market in Chile and other markets in P.

At the same time, they also suggested that domestic enterprises should contact the Vietnamese trade representatives in Latin America to promote the two sides to speed up the implementation of the trade plan.

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< p > related links: < /p >

< p > Free Trade Agreement, referred to as FTA, is to bypass the difficulties of WTO multilateral agreement, and at the same time, to open up another way to promote trade liberalization, and countries are gradually exploring from practice.

It is an agreement between independent customs subjects on the basis of voluntary combination of trade liberalization and related issues.

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< p > in the WTO document, FTA and the preferential trade agreement (PTA) and the customs union agreement (CUA) are all included in the scope of RTA (Regional Trade Agreement).

As far as reality is concerned, because many FTA's agreements may not be completely free trade, FTA and RTA have a mixed tendency in concept.

Sometimes FTA and RTA also refer to free trade zones or quasi free trade zones based on certain trade agreements.

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According to the free trade agreement, the goods from the agreement partner countries can get import tax and tariff reduction concessions. Free trade agreements can help simplify customs procedures in importing or exporting countries. When the unfair trade practices exist among the countries in agreement, the free trade agreement can also help traders to remedy. < /p > p

< p > domestic taxes and fees, such as value-added tax and consumption tax, are not affected by free trade agreements.

Only goods originating from the countries of the free trade agreement are eligible to benefit from free trade agreements.

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