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Chile and Vietnam reaffirm their commitment to advance trade matters and evaluate new business prospects

Thursday, July 5, 2018

The Minister of Foreign Affairs, Roberto Ampuero, attended today the signing ceremony of the report of the third meeting of the Administrative Commission of the Chile-Vietnam Free Trade Agreement, which took place yesterday and today in Santiago. Present at the event was Vietnamese Deputy Prime Minister Vuong Dinh Hue. The minutes were signed by the Director General of the Direcon, Rodrigo Yáñez, and the Deputy Minister of Industry and Commerce of Vietnam, Do Thang Hai.

The Free Trade Commission is a body protected by the trade agreement signed between Chile and Vietnam in 2014 that allows for the resolution of pending issues and the further strengthening of trade. With the signing of the document, Chile and Vietnam sealed their commitment to move forward on trade topics and evaluate new business prospects.

The activities of the Vietnamese authorities in Chile, who were accompanied by a delegation of 40 businessmen, also included participation in a Business Forum at Sofofa, where business and investment prospects between the two countries were discussed.

Trade between the two countries reached US$1.17 billion in 2017, a 25% increase over 2016, while Chilean exports to Vietnam rose 42% over 2016, totalling US$278 million.