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Chile, Thailand expected to sign FTA soon

08-16-2012 09:18 BJT

SANTIAGO, Aug. 15 (Xinhua) -- Chile and Thailand signed Wednesday in Bangkok two documents to boost agriculture and phyto-sanitary cooperation, a prelude to a bilateral Free Trade Agreement (FTA), Chilean media reported.

"This is a great step toward stimulating trade between the two countries. We expect to announce the FTA with Thailand in the short term,"

said Chilean Agriculture Minister Luis Mayol as he attended the signing ceremony with Thai counterpart Theera Wongsamut.

He said the two documents would help the two countries share technological expertise, facilitate cooperation, and "form the FTA, which will soon be signed."

The FTA will hopefully lower the current 45 percent tariff Thailand imposes on Chilean goods, and the 6 percent levied on Thai goods by Chile, Mayol added. The end goal is a "zero tariff."



Editor:James |Source: Xinhua

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