FTZ advantage for small Chilean firms
Print Edition
CHILE is encouraging the country’s smaller companies to tap into the Chinese market through Shanghai’s free trade zone as it seeks to deepen bilateral economic relations between the two countries.
There are more than 50 large-sized Chilean enterprises who are doing business with China but smaller companies have been absent because of a lack of appropriate channel.
“The participation of smaller companies is the key to boost two-way cooperation between the two countries,” Andres Rebolledo, Chilean vice minister for trade, said in Shanghai yesterday. “With policy advantages, Shanghai’s free trade zone provides a more efficient logistic system and easier accesses for small-sized Chilean enterprises to explore the Chinese market,” he said.
As part of the Andean country’s effort to promote local food and beverage products, China-Chile Central, a 2,000-square-meter exhibition center, was launched at the FTZ yesterday to display Chilean products.
A number of Chilean enterprises also signed cooperation agreements with Kuajingtong, a cross-border e-commerce platform based in the FTZ, to expand their distribution network to China.
Rebolledo is optimistic about the two-way trade this year despite the devaluation of the Chinese yuan.
“Chile and China are two complimentary countries that need each other’s products. Chilean products are increasingly popular here and the temporary fluctuation in currency exchange won’t affect the consumption trend,” he said.
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