|Subject||Chile favours India's candidature to APEC: former President Eduardo Frei|
Chile is open to support the
candidature for membership of India in APEC but all the resolutions for the
entry of a new country its decided by all the members of the group, pointed out
former Chilean President Eduardo Frei ahead of APEC Summit in Vietnam next
Chile has an open economy
and a stable institutional and political system, who installs a healthy
business environment. With the 10 trade agreements signed between Chile and
Latin-American countries, the possibilities to export and make business in the
region are maximized, Frei told a select group of media here during his visit
to push Indo-Chile economic partnership.
"Even more, Chile is
one of founders of the Pacific Alliance, the most successful integration
movement of the history of the Latin American region. Actually, its functions
are becoming to been a platform of political articulation, economic and
commercial integration and projection to the world, with emphasis on the
Asia-Pacific region," noted Frei
" I would like to express that the Trade Agreement that India and Chile was established in 2007, and then expanded in 2017 is not a Free Trade Agreement (FTA), it’s a Preferential Trade Agreement (PTA). The nature of this Agreement is relative minus ambitions of an FTA, because it’s does not contain chapters related intellectual propriety, electronic commerce, gender issues, environment or investment, among others. The entry on force of the PTA plus, has been the 16th of May of 2017, only 5 months ago. For this reason, today, is difficult to highlight an increase in trade on either side."
"Nonetheless, I trust, that the PTA Plus will increase the trade, in the same way that the exported non-copper products have triplicated from US$ 51 millions in 2006 to US$ 178 millions in 2016."
Source : Economictimes.indiatimes.com
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