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Sino-Chile FTA leads to 40mn revenue decrease
18 May '07
1 min read
Importer and exporter got benefits from Sino-Chile Free Trade Agreement, but the country revenue fallen at the beginning of implementation.
According to the statistics from budget department, Chile revenue was decreased CLP40 million in the first quarter this year due to tariff structure of Sino-Chile Free Trade Aggrement.
Add to the free trade agreement signed with America, European Union and Korea, the foreign trade revenue has fallen 13.8 percent year-on-year in the first quarter this year.
According to the statistics from budget department, Chile revenue was decreased CLP40 million in the first quarter this year due to tariff structure of Sino-Chile Free Trade Aggrement.
Add to the free trade agreement signed with America, European Union and Korea, the foreign trade revenue has fallen 13.8 percent year-on-year in the first quarter this year.
Ministry of Commerce of the Peoples Republic of China(MOFCOM)
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Yohan Lawrence
Joint Apparel Association Forum (JAAFSL)
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