Agreement opens to stronger trade ties
VGP – Việt Nam and Chile signed a free trade agreement (FTA) earlier this month, under which 83.54% of Vietnamese goods to Chile will be exempted from the tax.
November 22, 2011 1:51 PM GMT+7
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Việt Nam’s export to Chile reached nearly US $400 million last year fromUS $20 million in 2000. The figure in the first nine months of this year was nearly US $400.
Chile is considered a potential market for Vietnamese goods, particularly textiles and garments, footwear, seafood and wood work products.
The tax exemption under the FTA is expected to make Vietnamese products more competitive in the Chilean market.
Deputy Director of the Việt Tiến Garment Co Phan Văn Kiệt said that domestic textile and garment exporters would boost trade promotion activities in Chile to take advantage of the zero-tax policy.
By Hải Minh
