Vietnam and Chile see plenty of opportunities to lift their tradeties to a new level, after recording many recent benefits, said JaimeRivera, Chilean trade counsellor to Vietnam.
Since 2000 untilnow, increases have been made in both the volume and value of goods thetwo countries export to each other.
According to the VietnameseMinistry of Trade and Industry’s Import-Export Department, in 2000, only18 Chilean businesses exported 22 lines of products to Vietnam witha total value of 6.3 million USD.
Currently, 204 Chileanproducts are present in Vietnam ’s market, including wines, freshfruits, seafood, canned foods and timber, worth 104 million USD.
Vietnam ’s export earnings from the South American country have risenten-fold from the 12.3 million USD in 2000 to 126 million USD atpresent.
At this rate of progress, two-way trade between bothcountries is expected to reach 300 million USD this year.
Atpresent, many Chilean businesspeople are keen to develop mining andinformation technology industries in Vietnam while Vietnamesebusinesses see an opportunity to sell garments, sport shoes, tropicalfruits, coffee, rice, crude oil, furniture and tourist products inChile .
Having a population of 17 million and having alreadysigned a free trade agreement with its neighbouring countries, Chilecould provide an excellent gateway for Vietnamese goods to other SouthAmerican markets, said Rivera.
According to him, Chilean andVietnamese businesses should link up to produce commodities with the rawmaterials coming from Vietnam and the processing done in Chile so theycan enjoy preferential tariffs and become more competitive.
Vietnam is also likely to join the Trans-Pacific Partnership (TPP)which Chile co-founded, as this will enable both countries to boosttrade between one another in the future, he added./.
Since 2000 untilnow, increases have been made in both the volume and value of goods thetwo countries export to each other.
According to the VietnameseMinistry of Trade and Industry’s Import-Export Department, in 2000, only18 Chilean businesses exported 22 lines of products to Vietnam witha total value of 6.3 million USD.
Currently, 204 Chileanproducts are present in Vietnam ’s market, including wines, freshfruits, seafood, canned foods and timber, worth 104 million USD.
Vietnam ’s export earnings from the South American country have risenten-fold from the 12.3 million USD in 2000 to 126 million USD atpresent.
At this rate of progress, two-way trade between bothcountries is expected to reach 300 million USD this year.
Atpresent, many Chilean businesspeople are keen to develop mining andinformation technology industries in Vietnam while Vietnamesebusinesses see an opportunity to sell garments, sport shoes, tropicalfruits, coffee, rice, crude oil, furniture and tourist products inChile .
Having a population of 17 million and having alreadysigned a free trade agreement with its neighbouring countries, Chilecould provide an excellent gateway for Vietnamese goods to other SouthAmerican markets, said Rivera.
According to him, Chilean andVietnamese businesses should link up to produce commodities with the rawmaterials coming from Vietnam and the processing done in Chile so theycan enjoy preferential tariffs and become more competitive.
Vietnam is also likely to join the Trans-Pacific Partnership (TPP)which Chile co-founded, as this will enable both countries to boosttrade between one another in the future, he added./.
