Nearly 20 Vietnamese enterprises visited Colombia and Chile from September 26 to October 3 with a view to further tapping into the Pacific Alliance markets, comprising Chile, Colombia, Mexico and Peru, and others in Latin America.
Vietnam highly values Chile’s role and always considers Chile one of its top important partners in the region, Minister of Industry and Trade Nguyen Hong Dien told Ambassador of Chile to Vietnam Sergio Narea during a reception in Hanoi on July 6.
Vietnamese enterprises can expand export markets to South American countries through Chile, Vietnamese Ambassador to Chile Pham Truong Giang told the Vietnam News Agency.
Free trade agreements to which both Vietnam and Chile are signatories have given a boost to their bilateral trade ties, heard a virtual conference on September 23-24.
Despite there being no commitments on services and investment in the Vietnam - Chile Free Trade Agreement (FTA), the pact has nonetheless been a boost to trade and economic ties between the two countries.
Vietnam boasts huge potential to increase shipments to Mexico, Peru and Chile – the three Latin American nations having high tariff-reduction commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Chilean authorities have granted permission for Vietnam to ship pomelo to the Latin American market, according to Minister of Agriculture of Chile Antonio Walker.
Deputy Minister of Industry and Trade Do Thang Hai on August 4 held a virtual meeting with Rodrigo Yáñez Benitez, Under-Secretary for International Economic Relations at the Chilean Ministry of Foreign Affairs, to boost economic and trade cooperation between the two countries.
The newly-signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP), of which Vietnam and Chile are members, is expected to be a motivation boosting their economic ties.
Vietnamese Chargé d'affaires a.i. in Chile Nguyen Minh Anh introduced the potential for cooperation between Vietnam and Chile in trade and tourism at a seminar in Chile on January 19.