ASEAN, Australia and New Zealand allow Chile to join their FTA

Asia-Pacific has been in the view of national authorities for many years, and today a new step has been taken to deepen trade relations with countries in the region. The ministers of the Association of Southeast Asian Nations (ASEAN), the drafting agreement between Australia and New Zealand, have given Chile permission to join their Free Trade Agreement (FTA).

Aftza, also known as ASEAN + 2, includes Brunei, Cambodia, Indonesia, the Philippines, Laos, Malaysia, Myanmar, Singapore, Thailand and Vietnam – the two largest islands in Southeast Asia – Oceania.

Ministers of the member states of the Confederation almost met this Wednesday and instructed the relevant authorities to begin the necessary steps for Chile to join the FTA, boasting of being the first country in the world to take this step.

Through this move, Anftza will expand its consumer base from 692 million people to 711.8 million, and gross domestic product (GDP) will reach US $ 4, 65 billion today to $ 4.90 trillion (million).

Rodrigo Yies, deputy secretary general of international economic relations (Suprai), described the panel’s decision as “positive”. “As a very attractive global hub for trade and investment, we have a strong interest in promoting and strengthening our economic integration with Ansofta,” he explained.

In addition to the role of the Asia-Pacific region in global value chains and the Fourth Industrial Restructuring, the Foreign Ministry authority highlighted the diversity of its members, the growth of e-commerce, innovation and the digital economy. Revolution “.

To date, Chile has diplomatic relations with all ASEAN + 2 countries and has signed FTAs ​​with many of its members, including Singapore, Vietnam, Australia and New Zealand. But not all agreements are “comprehensive”, and they explain from Supremacy that Anja thinks of sectors that are not covered by bilateral agreements.

Under the agreement, Chile will strengthen cooperation in areas such as science and technology, logistics and tourism.