Chile could replace France as the largest
provider of wine in the Vietnamese market once the Chile - Vietnam free trade
agreement (FTA) takes effect, said a former Chilean trade union official.
When
the FTA is implemented, the import tax on Chilean wine shipped to Vietnam will
drop from 56 per cent to 20 per cent this year and will approach zero over the
next 11 years, said Rene Merino, the former president of Vinos de Chile, who
accompanied Chilean President Sebastian Pinera during his recent Vietnam visit.
Chilean
wine now accounts for 20 per cent of the Vietnamese market, second only to
France, which claims 35 per cent.
According
to preliminary statistics released by Chilean customs, Chile exported $10
million worth of wine to Vietnam in 2011.
About
30 Chilean wine producers are currently exporting their products to Vietnam.
Chile,
which is the largest exporter of wine in Latin America, was placed only seventh
among wine suppliers to Vietnam in 2002.
De
Vicente, director of the Chilean government’s trade promotion agency, said the
bilateral FTA will open doors for Chile’s industrial products and fruit,
including grapes, kiwis, pomegranates, and cherries, to penetrate the Vietnamese
market, while Vietnam can increase its exports of wooden products, fruit and
fish to Chile.
VOV
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