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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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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)


Partners dancing together
“Partners” “Dancing together”

Chile

Korea