Russia Has Totally Banned The Export Of Wet Blue Since 1 This Month.

It has been totally banned from October 1st to April 1st next year.

The ban applies to all countries, not just western countries (including Belarus), the Russian side said.

The implementation is due to the legitimate consideration of national economic interests.

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According to Chilean ambassador to Vietnam Mr. Fernando Urrutia, since Vietnam (Chile) free trade agreement came into effect in this (2014) year, the two countries' economic and trade relations have changed significantly.

According to Yue Chi FTA, more than 9 thousand products will be subject to tariff reductions in different periods, and provide a number of preferential services and investment measures in each of the past 3 years.

The FTA also contains many other important terms, including market entry, rules of origin, quarantine, technical barriers, technical cooperation and defense.

Since the implementation of Vietnam wisdom FTA, trade exchanges between the two countries have increased significantly.

According to statistics from Chile's trade promotion agency, the amount of exports from Chile to Vietnam in February to May this year amounted to $149 million, and Vietnam's exports to Chile amounted to $126 million, an increase of 20.3% compared with the same period in 2013, and bilateral trade totaled 272 million US dollars, an increase of 19.2% over the same period in 2013.

According to statistics from the Vietnamese customs administration, Vietnam's exports to Chile amounted to $250 million in the first 7 months of this year, up 120% from the same period in 2013. Vietnam's imports from Chile amounted to $203 million and grew by 12%. Vietnam's long-term trade deficit with Chile has now started to turn into a favorable balance.

In fact, Yue Zhi FTA has brought many business opportunities to Vietnamese manufacturers.

At present, Vietnam has already exported 20 products to Chile. The tariff rate has dropped from 6% to 0%, including wood products, daily plastic products, handicrafts, footwear, textiles and garments, coffee, crystal products, computers and parts.

According to Wu Wenfeng, head of the Americas group of the Americas market division of Vietnam's Ministry of Commerce and industry, the tariff reduction after Vietnam's FTA signed helps Vietnamese goods to enhance their competitiveness and attract more foreign investors to invest in Vietnam to produce products that are exported to Chile.