Director of the General Directorate of International Economic Relations Andres Rebolledo. (Photo: Direcon)
TPP to benefit seafood exports to Japan
Friday, October 23, 2015, 01:50 (GMT + 9)
The Fisheries Agency of Japan announced that tariffs of around 350 types of seafood products, and about 10 types of seaweed will be eliminated under the Trade Agreement of Trans-Pacific Partnership (TPP).
However, the Asian country will maintain tariffs on 19 per cent of all agricultural, forestry and fishery products, well above the average volume of the three countries (1.5 per cent), El Mercurio reported.
Crabs and canned tuna are among the seafood products on which the Japanese government will withdraw tariffs as soon as the TPP comes into force while for bluefin tuna it will be necessary to wait 11 years.
Chile and Japan are two of the 12 countries in the Pacific that earlier this month reached an agreement to establish a free trade bloc covering 40 per cent of the global economy.
The director of the General Directorate of International Economic Relations (DIRECON), Andres Rebolledo, ensured in a recent seminar that the TPP "was finally really beneficial because it has important advances in market access".
He stressed that while Chile already has agreements with 11 other countries, it had products that were out. "Especially with Japan and Canada there were more than a thousand products that had no opening or tariff graduation, and have now been incorporated massively," he explained.
This means a significant and potential benefit, primarily for agricultural, agro-industrial, livestock, forestry and even fisheries sector, Rebolledo said.
For the agreement to enter into force, it has to be endorsed to the parliaments of each of the signatory States.
The other countries participating in the TPP are Malaysia, Singapore, Vietnam, Brunei, United States, Canada, Mexico, Peru, Australia and New Zealand.
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