Chilean President Michelle Bachelet, signed on 14 the free trade agreement (FTA) between Chile and Turkey, which now must be ratified by the legislatures of both nations.
The financial arrangement is the first in Turkey with an American country and also the first that Chile is negotiating with a Muslim majority state, which the South American nation opens the doors of an economy of more than 70 million people.
"This trade agreement that Chile supports may be an entry point into an economic zone high potential and virtually unexplored for us, "said Tuesday Bachelet told reporters.
" Chile is a country very seriously, where we have legal certainty and respect the rules of the game and when to invest, such characteristics countries are really very positive, "said the president.
NAFTA preferentially benefit the mining, fruit, food, fisheries and forestry.
is estimated that in the case of wine, that before the agreement was a tariff 70 percent, from the entry into force of this agreement enjoy the same access to the EU in the Turkish market.
The new FTA will allow 98 percent of trade between both countries is duty free from the entry into force, and the remaining products, including the tariff reduction schedule will be released within a maximum period of six years. (Xinhua) 15/07/2009
Source: People's Daily Online - Xinhua
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