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Chile, Japan to scrap tariffs for expansion of economic partnership

Xinhua, January 20, 2015 Adjust font size:

Chile and Japan are looking to expand their economic partnership by eliminating tariffs, Chile's Ministry of Foreign Affairs said Monday.

A bilateral commission of the Chile-Japan Strategic Economic Partnership Accord met last week to discuss extending import tariff exemptions to more goods, the ministry said in a statement.

Chile and Japan, along with 10 other nations, are also interested parties to the Trans-Pacific Partnership, a wide-ranging regional trade and investment treaty that has been under negotiation since it was initially proposed in 2005.

The bilateral commission concluded two days of negotiations Friday in Chile's capital, concretizing commitments made in September 2014 to expand tariff exemptions between the two countries.

Delegates have made substantial headway in reviewing the status of some 250 products, including dairy, meat, fish and seafood, and in setting a timetable for eliminating tariffs, according to the ministry.

Government figures show trade between Chile and Japan between January and October of 2014 amounted to 8.2 billion U.S. dollars. Endi