___________________________________________________________________________ 2018/SOM3/SYM/010 Chile’s Trade Policy Submitted by: Chile Symposium on How Free Trade Agreements and Regional Trade Agreements Can Contribute Towards Economic Growth Port Moresby, Papua New Guinea 18 August 2018
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Symposium on How Free Trade Agreements and Regional Trade
Agreements Can Contribute Towards Economic Growth
Port Moresby, Papua New Guinea18 August 2018
CHILE’S TRADE POLICY
MARCELA OTERO
Port Moresby, August 18, 2018
Excecutive Secretariat APEC Chile 2019
General Directorateof International Economic Relations
Bilateral Economic Affairs
Multilateral Economic Affairs
ExportPromotion Bureau
General Directorate of International Economic Relations
Trade Information Underdepartment, DIRECON-ProChile.
TARIFF AND RULES OF
ORIGIN
MARKET ACCESS INTELLECTUAL
PROPERTY
SERVICES AND INVESTMENT
TRADE
REMEDIES
PHITOSANITARY AND
SANITARY MEASURESTECHNICAL BARRIERS TO
TRADE
ENVIRONMENT
GOVERNMENT
PROCUREMENTS
E-COMMERCETRADE
FACILITATION TEMPORARY ENTRY FOR
PERSONS
General Directorate of International Economic Relations
HOW DO WE NEGOTIATE?
Trade Information Underdepartment, DIRECON-ProChile.
GENDER AND
TRADE
LABOR
• Increased participation in world exports
• Increased production and employment
• Higher share of foreign trade in GDP
• Higher investments in countries with reciprocal agreements
• Improving the country's image
• Improving risk indicators, easy of doing business, competitiveness
• Increased supply of services
• Development of economies of scale
• Increased supply of international intermediate goods
• Preferential Market Access
• Creating dispute resolution mechanisms
• Clear rules
CHILE’S TRADE POLICY
BENEFITS OF TRADE LIBERALIZATION
Trade Information Underdepartment, DIRECON-ProChile.
CHILE’S TRADE POLICY
Objectives
Trade Information Underdepartment, DIRECON-ProChile.
To achieve international integration of Chile, mixing theexport development with the promotion and protection ofinvestments.
Promote competitiveness, within a context of stable rules,fair competition, and contribute to reduce socialinequalities.
To engage Chilean production in Global Value Chains, in amore sophisticated manner not only as a producer ofnatural resources.
To increase Chile’s export diversification.
CHILE’S TRADE POLICY
Trade Information Underdepartment, DIRECON-ProChile.
Through the last three decades Chile's economic growth model has been based on exportpromotion and FDI attraction and has followed four strategies:
U N I L A T E R A L M U L T I L A T E R A LB I L A T E R A L M E G A R E G I O N A L A G R E E M E N T S
Unilateral tariffreduction
Export promotion
policies
International TradeAgreements
Participation in International
Organizations such as:
WTO, OECD, LAIA and APEC
Pacific Alliance and CP-TPP
CUSTOMS TARIFF REDUCTION IN TWO STAGES (MFN):
First (1990-1994): Reduction from 15% to 11%;
Second (1994-2003): Reduction from 11% to current level of 6%.
In 2013, Chile unilaterally removes tariffs on all goods originating in least developed countries (LDCs).
This reduction is based on the analysis and commitments established in the WTO, in Hong Kong in
2005
Since 1990, there was a marked advance in the signing of agreements with the countries of LatinAmerica, thus complementing the unilateral opening of the external sector.
CHILE’S TRADE POLICYUNILATERAL
Trade Information Underdepartment, DIRECON-ProChile.
0%
5%
10%
15%
20%
25%
30%
35%
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
EXPORTS NON COPPER EXPORTS
2,9%(MFN 6%)
Effective IMPORTS TARIFFS**
0.85%(MFN 6%)
FTAMexico
UNILATERAL TARIFF REDUCTION MERCOSUR
AA EU
FTA KOREA
FTA USA
FTA P4
FTA CHINA
FTAJAPAN
32.6%(MFN 220%)
6.22%(MFN 10%)
15.5%(MFN 35%)
12.3%(MFN 20%)
9.5%(MFN 15%)
9.2%(MFN 11%)
FTAAUSTRALIA
FTA MALAYSIA
FTATHAILAND
FTAVIETNAM & HONG KONG
EFFECTIVE TARIFFS AND EXPORTS (US$ MILLION AND %)BILATERAL
Trade Information Underdepartment, DIRECON-ProChile.
With data from the Central Bank of Chile and the Customs Service of Chile.
C u s t o m sT a r i f f ( % )
E x p o r t sU S $ M i l l i o n s
ECONOMIES
6 4
WORLD GDP
8 6 %
WORLD POPULATION
6 3 %
JAPAN
AUSTRALIA
P4BRUNEI
NEW ZEALAND
SINGAPORE
CHINA
SOUTH KOREA
TAILANDIA VIETNAM
PACIFIC ALLIANCE
UNITED STATES
CANADA
MEXICO
CENTRAL
AMERICA
PANAMÁ
CUBA
COLOMBIA
ECUADOR
PERÚ
HONG KONG
MERCOSUR
VENEZUELA
BOLIVIA
EFTA
TURKEY
EUROPEAN UNION
INDIA
CHILE’S TRADE POLICY26 FREE TRADE AGREEMENTS IN FORCE
Trade Information Underdepartment, DIRECON-ProChile.
With figures from the IMF WEO APRIL 2018
CHILE’S TRADE POLICY
FTAS TIMELINE
MERCOSUR
BOLIVIA
VENEZUELA CANADA
MEXICO EUROPEAN UNION
UNITED STATES
SOUTH KOREA
EFTA
CHINA
P4
JAPAN
INDIA
CUBA
PANAMA
AUSTRALIA
COLOMBIA
PERU
ECUADOR
TURKEY
MALAYSIA
CENTRAL AMERICA
HONG KONG
VIETNAM
ACCESS CHILE
TO APEC
TRADE
PROTOCOL
PACIFIC
ALLIANCE
MARRAKECH
AGREEMENT,WTO
THAILAND
CHILE’S INSERTION
IN THE
INTERNATIONAL
ECONOMY
CP TPPINDONESIA
(SIGNING)
Trade Information Underdepartment, DIRECON-ProChile.