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EXPERIENCES OF LATIN AMERICAN COUNTRIES WITHIN THE APEC REGION: THE CASE OF CHILE HERNAN GUTIERREZ B. Director Economic PowerPoint Presentation
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EXPERIENCES OF LATIN AMERICAN COUNTRIES WITHIN THE APEC REGION: THE CASE OF CHILE HERNAN GUTIERREZ B. Director Economic and Trade Department Embassy of Chile – Seoul. Strategic Orientation. Economic growth and equal opportunities Open & competitive economy, committed to free trade

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EXPERIENCES OF LATIN AMERICAN COUNTRIES WITHIN THE APEC REGION:

THE CASE OF CHILE

HERNAN GUTIERREZ B.

Director

Economic and Trade Department

Embassy of Chile – Seoul

strategic orientation
Strategic Orientation
  • Economic growth and equal opportunities
  • Open & competitive economy, committed to free trade
  • Enforcement of international regulations
  • Trade policy consistent with sound macro-economic policies
  • Investment promotion and protection
  • Agreements to avoid double-taxation
  • Institutional innovation
building blocks of chilean foreign trade policy
Building Blocks of Chilean Foreign Trade Policy
  • Open economy Free flows of goods, S & I
  • Dependent on inter. trade More trade
  • Small country Rules & disciplines
  • Transparent/non corrupted Disciplines

World Wide WTO+ FTA

a three tier global player
A Three Tier Global Player
  • Multilateralism (WTO)
  • Regionalism
    • Geographic: APEC, FTAA, LAIA, Mercosur, Andean Community
    • Issues: Cairns, G-20, FAN, FOF, etc.
  • Bilateralism
chilean network of ptas
Canada

Mexico

Central America (5)

EU (25)

Korea

USA

EFTA (4)

Venezuela

Colombia

Ecuador

Bolivia

Mercosur (4)

N. Z., Singapore & Brunei D.

India

China

Peru

Panama

Ecuador

Turkey

Colombia

Japan

Bolivia

Thailand

Malaysia

Chilean Network of PTAs

FTAs

Negotiated

Negotiating

Studies

ECAs

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18 Trade Agreements

54 countries

More than 80% of trade

objectives
Objectives
  • Commercial
    • Trade creation & reduction of trade diversion
    • Elimination of tariff peaks
    • Exports promotion
    • Enhancement of competition
  • Economic
    • Rules & disciplines
    • Reduction of external economic vulnerability
    • Promotion of FDI
  • Political
    • Dispute settlement
    • Differentiation in a context of international economic turbulence
coverage
Coverage
  • Institutional Matters

- Transparency

- Objectives, excep. , final provisions, etc.

  • DSM
  • “Non trade issues”

- Intellectual Property Rights

- Labor

- Environment

  • Goods
    • Tariffs
    • NTM
    • Customs procedures
    • Rules of origin
  • Services
  • Investment
  • Temporary entry
  • Disciplines
    • Safeguards (Bi-Global)
    • AD/CVD
    • TBT/SPS
    • Competition
impact of ftas on the chilean economy
Impact of FTAs on the Chilean Economy
  • Trade
    • Economic theory supports FTAs with big and stable economies
    • New Strategic Partnership of like-minded countries
    • Static & dynamic efficiency in resource allocation
    • C-A dynamic:
      • elimination of tariff escalations
      • diversification of exports
    • Competitiveness:
      • Lower cost of intermediate goods and of capital goods
      • economies of scale and of scope
      • quality and learning process
      • technological innovation, entrepreneurial spirit & strategic alliances
impact of ftas on the chilean economy1
Impact of FTAs on the Chilean Economy
  • Investment and financial flows
      • Attraction of FDI
      • Deepening of financial markets
  • Macroeconomic Regime
      • Stability, favorable for growth
market access
Market Access
  • Comprehensive FTA, no exceptions
  • Consolidation of GSPs
  • Elimination of tariff escalation
  • Stand-still and liberalizing reviews
  • Commitment to the non application of subsidies in agricultural exports
custom procedures
Custom Procedures
  • Transparency and efficiency:
    • Commitment to publish laws and norms
    • Guarantee justice in procedures
  • Simplified procedures for the liberation of goods
  • Facilitation of cargo transit for express delivery
  • Use of risk analysis in procedures for surveillance and automation of customs procedures.
  • Use of early resolutions at the origin, tariff classification and customs valuation
services
Services
  • Trans-border trade & Local presence
  • Regulatory transparency
  • Negative list approach
  • Promotion of MRs of professional services
  • Link with chapters on investments, telecommunications, temporary entry of business people and telecommunications
investments
Investments
  • Transparency
  • Predictability
  • Judiciary certainty
  • NT & MFN
  • Norms to protect the foreign investor
    • Minimum level of treatment, in accordance to international law
    • Right to free transfer related to investment
    • Compensation in case of direct or indirect expropriation
    • Specific dispute settlement system between the investor and the State that receives the investment
public procurement
Public Procurement
  • NT
  • Non-discrimination and transparent procedures
  • Tendering and results adequately publicized
  • Standardized time frames for bids
  • Standardized rules for bidding processes
  • Right to request a judicial authority in case of any violation of the former principles
labor
Labor
  • Commitment with domestic legislation
  • Core labor standards, defined by IOL:
    • Free trade unions
    • Collective negotiations
    • Forced labor
    • Child labor
    • Acceptable working conditions: minimum wages, maximum hours of work, security and occupational health
intellectual property rights
Intellectual Property Rights
  • Brands
  • Geographic indications
  • Dominion names and brands
  • Author rights
    • Balance between authors, artists and producers
dispute settlement
Dispute Settlement
  • Rules of procedures with defined stages and time frames
  • Agreement between the parties is favored (stage of consultations as well as in the stage of implementation)
  • Panel of independent specialist
  • High standards of opening and transparency in dispute settlement panels
      • Public and open hearings
      • Public access to the legal presentation of parties
      • Rights of third party interested in presenting their viewpoints