Vietnam-Chile trade exchange to reach 1 billion USD in the next 3 years
The director of Chile's trade promotion agency said: The implementation of the Free Trade Agreement (FTA) between Chile and Vietnam will pave the way for trade turnover between the two countries to double compared to the present, to 1 billion USD within the next 3 years.
Chilean press quoted the director of the government's trade promotion agency (ProChile) Félix de Vicente, who accompaniedvisitVietnam's President Sebastian Pinera said that according to ProChile figures, trade between the two countries has increased nearly 28 times in the past 10 years and last year reached 487 million USD.
President Sebastian Pinera speaks at the Vietnam-Chile business forum in Ho Chi Minh City. (Photo: Thanh Vu/VNA)
The FTA between the two countries will soon take effect after completing a number of procedures. According to the Chilean government, this agreement will allow over 9,000 Chilean products to enjoy zero interest rates when entering the Vietnamese market, a market with nearly 87 million consumers and rapidly increasing purchasing power.
According to Mr. De Vicente, in addition to wine, the Chilean product most known to Vietnamese people, the FTA will open the door for Chilean industrial products, fruits (grapes, kiwi, pomegranates, cherries) and information technology to access the Vietnamese market.
Meanwhile, Vietnam has the opportunity to increase exports to Chile, especially wood products, fruits and fish.
Speaking to the press after holding talks with President Sebastian Pinera and signing a joint statement between the two countries, President Truong Tan Sang affirmed that trade between the two countries will increase 20 times and reach 10 billion USD in the next 10 years./.
According to (Vietnam+)
