Bilateral trade with Chile increases 38 percent

Bilateral trade with Chile increased 38 per cent in the first six months of the year to a value of over US$ 321 million, according to the Chilean Trade Promotion Agency.

During the period, the agency said, imports from Chile climbed 41 per cent year-on-year to $ 238.8 million, while export value stood at $ 82.6 million, an increase of 29 per cent.

Major exports to Chile include footwear, cement, coffee, garments and tra fish.

Bilateral trade is expected to reach $ 1 billion in the next three years as the Vietnam-Chile Free Trade Agreement takes effect, said agency director Felix de Vincente.

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