Bulk wines and chilean bulk wines by cortahojas.com .-/ A study by ProChile, about 95% of Chilean exports to China, the US and Australia and China makes use of Free Trade Agreements (FTA). Businesses or products that benefited from these agreements was due to ignorance of tariff preferences, breach of rules of origin or costs of certification of origin.
In 2014, 98.8% of Chilean exports (US $ 9,388 million) to the United States used the benefits of zero tariff offered by the FTA. In 2015 the total tariff reduction schedule is met, so that Chilean products will enter the US market duty-free, estimating that 99% of exports’d use that benefit.
In the case of China, the FTA with this country will meet the 2015 and nine years, according to ProChile was one of the great milestones in Chile’s integration into the Asian market, opening the doors to a variety of Chilean products, for example, bottled wine. Earlier, Chile participated with 5% market share, with an applicable tariff of 14%, and this proportion rose to 9% in 2014 (US $ 124.5 million) due to the tariff reduction under the Treaty, becoming the third biggest supplier after France and Australia.
Following the entry into force of the FTA with China, many products have been incorporated into Chile’s export basket, such as the Carmenere, fresh grapes and non-organic blueberries.
In the case of Australia, in 2009 NAFTA took effect. That year Chile had a 13% market share of wood, but in 2014 this proportion reached 25% after the tariff reduction, with more than US $ 28.6 million exported.
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