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Chile and Korea. Chile. Chile`s trade policy Integration to the world FTAs Chile - Korea The future. Chile’s Trade Policy. Key elements Open and fair market Dependant on international trade Small country Candid country. Open and Fair Market. Domestic No subsidies No NTB

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Presentation Transcript
chile
Chile
  • Chile`s trade policy
  • Integration to the world
  • FTAs Chile - Korea
  • The future
chile s trade policy
Chile’s Trade Policy
  • Key elements
    • Open and fair market
    • Dependant on international trade
    • Small country
    • Candid country
open and fair market
Open and Fair Market
  • Domestic
    • No subsidies
    • No NTB
    • No distortions on production
  • Internationally
    • Low and single tariff rate, across the board (9%)
    • National treatment
    • Automatic import licensing
dependant on international trade
Dependant on International Trade
  • + 50% of GDP = x + m
  • + 75% of GDP = x + m + s
  • Primary products
    • Mining
    • Forestry
    • Fruits & vegetables
    • Seafood
small country
Small Country
  • Chile = 0.3% of international trade
  • Rules and disciplines:
    • Goods: tariff, NTB, customs, safeguards, A/D and CVD, TBT, SPS, etc.
    • Services: all sectors
    • Intellectual property rights
    • Paste/composite: investment, competition, transparency, business visas, etc.
  • Disputes settlement procedures
candid country
Candid Country
  • Islander mind: formal, shy, inward looking, etc.
  • Legalistic culture
  • We do not do tricks
chilean integration to the world
Chilean Integration to the World
  • Unilateral openness
  • Multilateralism
  • Bilateralism
unilateral openness uo
Unilateral Openness (UO)
  • Elimination of non-tariff barriers
  • Lowered tariff (today 9%)
  • Open to foreign investment
multilateralism
Multilateralism
  • GATT (founding member)
    • Tokyo Round: 35% bound tariff
    • Uruguay Round: 25% bound tariff, TRIMS, TRIPS and GATS
  • WTO
  • FTAA (2005)
  • APEC (2010)
  • OECD (observer)
bilateralism conditions
Bilateralism: conditions
  • Comprehensiveness
  • Beyond WTO
  • High standards in disciplines
  • No exceptions in goods
    • Distorted products: a.i. Oil and Coffee
bilateralism types of ftas
Bilateralism: types of FTAs
  • 1st gener. = some
  • 2nd gener. = most
  • 3rd gener. = most + some rules
  • FTA = goods, services, investment, IPR, rules & disciplines

Economic Complementation Agreement

(LAIA)

GATT Art. XXIV

GATS Art. V

bilateralism chilean ftas
Bilateralism: Chilean FTAs
  • FTA: Canada - Mexico - C.America - Venezuela - Colombia - Ecuador - Bolivia - Peru - Mercosur
  • Current negotiations: UE - Korea - EFTA - NZ/Singapore (observer) - U.S./Singapore (informed)
  • Perhaps!: U.S. - Australia - NZ - Singapore - India - Japan
fta chile korea
FTA Chile-Korea
  • September 1999 (Auckland) negotiation are announced.
  • Three formal meetings: Dec 1999, March and May 2000
  • Terms of reference:
    • Comprehensiveness
    • Maximum/total liberalization
    • Transparency (negotiation and implementation)
    • Meetings: Alternatives venues (other) and frequency
    • English
interest of chile i
Interest of Chile I
  • Market access
    • Mining
    • Forestry
    • Fruits & vegetables
    • Seafood
  • Good business for both (complimentary ec.)
  • Disciplines
interest of chile ii
Interest of Chile II
  • Korean investment
  • Systemic interest (International arquitecture)
  • APEC
  • International trend after Seattle
  • Reinforce free trader image
next year situation in chile
Next year situation in Chile
  • Bilateral negotiations:
    • European Union
    • EFTA
    • Mercosur
    • Colombia?
    • U.S.?
    • P-5 or P-3?
  • Plurilateral negotiation: FTAA
  • Multilateral negotiation: WTO round
present situation
Present situation
  • Waiting for Korean response
  • Possible next meeting Dec. 12-15 Seoul.
  • “Loosing face”: diminishing support because of the delay.
  • Ergo: a deadline is needed (31.March.01)
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