The TPP creates opportunities for Chilean agricultural products to penetrate the Asian market.

The Chilean Foreign Ministry announced on November 10 that more than 1,600 of its products have the opportunity to enter the markets of Japan, Malaysia, and Vietnam with preferential tariffs thanks to the Trans-Pacific Partnership (TPP) agreement.

Illustrative image. (Source: thisischile.cl)

Andrés Rebolledo, Director of the Department of International Economic Relations (Direcon), said that exporters of agricultural products, food, and livestock will benefit most from the agreement reached on October 5th in Atlanta, USA, with the participation of 12 countries – including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.

According to Mr. Rebolledo, the Asian market currently accounts for 40% of Chile's total agricultural and livestock exports, worth $39 billion, equivalent to 15% of GDP.

Among the TPP participating countries in Asia, Chile will benefit from preferential tariffs on up to 903 items, followed by Vietnam and Malaysia, with 374 and 138 items respectively.

Mr. Rebolledo affirmed that the TPP opens up great opportunities for Chile.

Many non-governmental organizations in Chile strongly oppose the country's participation in the TPP, arguing that the agreement only serves multinational corporations while the people will not benefit.

According to Vietnam+