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Chilean Vice Minister’s visit boosts ties with Vietnam, ASEAN

Chilean Vice Minister of Trade Rodrigo Yáñez has said his Vietnam visit aims to further boost the Vietnam – Chile ties and expand cooperation within the framework of the bilateral free trade agreement (FTA) signed in 2011, especially in investment and services.
Chilean Vice Minister’s visit boosts ties with Vietnam, ASEAN ảnh 1Chilean Vice Minister of Trade Rodrigo Yáñez (Photo: latercera.com)
Hanoi (VNA) –Chilean Vice Minister of Trade Rodrigo Yáñez has said his Vietnam visit aims to further boost the Vietnam – Chile ties andexpand cooperation within the framework of the bilateral free trade agreement (FTA)signed in 2011, especially in investment and services.

During a recent interview toVietnam News Agency, Yáñez said since the FTA took effect in 2014, two-waytrade between has improved considerably, surpassing 1 billion USD.

In order to effectively tapcommitments in the FTA, he suggested Vietnam and Chile enhance collaboration inscience, technology, services and digital economy while reviewing the list ofproducts and sectors benefiting from the deal.

He wished that the two countries’businesses would further improve production efficiency to draw more investment.

On the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP), to which bothVietnam and Chile are members, Yáñez said Chile is considering pushing for itsratification, which has quality and deepest commitments so far.

As Chile wrapped up theAsia-Pacific Economic Cooperation (APEC) Forum 2019, he thanked Vietnam forproviding support for the South American country last year.

Expressing appreciation forVietnam’s assumption of ASEAN Chairmanship 2020, he said it also offers Chile achance to reinforce ties with other Southeast Asian nations.

After becoming ASEAN’sdevelopment partner last year, Chile is stepping up the establishment of theChile – ASEAN development and trade joint committee, he said.

Yáñez hailed Vietnam as astrategic partner of top significance of Chile in expanding ties with ASEANmember states. Vietnam is now the second largest trade partner of the SouthAmerican nation in ASEAN.

As the President of the PacificAlliance (AP), Chile wants to further boost ties between the AP and ASEAN, hesaid, affirming that Chile and Vietnam, as the Chair of the ASEAN 2020, willmake positive contributions to the process./.
VNA

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