TPP creates opportunities for Chilean agricultural products to penetrate Asian markets

Chile's Ministry of Foreign Affairs said on November 10 that more than 1,600 of its products have the opportunity to enter the markets of Japan, Malaysia and Vietnam with tariff incentives thanks to the Trans-Pacific Partnership Agreement (TPP).

Illustration photo. (Source: thisischile.cl)

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

According to Mr. Rebolledo, the Asian market currently accounts for 40% of Chile's total agricultural and livestock export turnover, with 39 billion USD, equivalent to 15% of GDP.

Among the TPP participating countries in Asia, with Japan, the number of Chilean products that will enjoy preferential tariffs is up to 903 items, followed by Vietnam and Malaysia, with 374 and 138 items.

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

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

According to Vietnam+