Under this agreement 73% of Chilean exports will enter Vietnam duty-free, while the rest of the products will begin to benefit under two tranches in year 3 and year 15. Only 4% of the products were not included in the agreement. 75% of Vietnamese exports will enter Chile tariff-free from day of entry into force and the rest of the products will be liberalized in a series of traunches ranging from 6 to 11 years.
Chile is the first country with which Vietnam has negotiated an FTA independently of its partners in ASEAN (Association of Southeast Asian Nations). The agreement is focused only on trade in goods-on a second stage they will negotiate the incorporation of services and investments.
Beef entering Vietnam today pays a fee ranging between 18% and 33%, pork between 24% to 28%, and both will be zero between the year 10 to 15. Dairy products that enter the Vietnamese market today pay between 7% and 20% they will be duty free between the year 7 to 15.
Tuesday November 22, 2011/ FAS-USDA/ United States.