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Chile trading center set up in FTZ

Updated: 2015-05-07

( chinadaily.com.cn )

High-quality products from Chile are now available at the new Chile national exhibition and trading center, established in the Shanghai (Pilot) Free Trade Zone (FTZ) on May 6.

Located at No 3 Fasai Road in Waigaoqiao, the 2,000-sq-m center in Shanghai Waigaoqiao FTZ exhibits wine, olive oil and other products from Chile.

Wu Yuanfeng, president of the Chile national exhibition and trading center, said the center serves as a one-stop platform for Chinese importers and Chilean exporters, so that Chinese customers can buy genuine Chilean products and services at a reasonable price.

“Chilean traders can use the platform to quickly access Chinese market. They do not even need to register a company or do market research,” Wu said.

More than 20 Chilean trademark products are exhibited in the center and the number is expected to reach 50 by the end of this year.

Chile and China signed a free trade agreement in 2005, agreeing that a certain range of Chilean products enjoy zero tariffs in China. The establishment of the trading center further reduces intermediate trade costs.

Rodrigo Enrique AcrosCastro, Chile's consul general in Shanghai, said that as as China’s third largest trade partner in Latin America Chile can offer rich minerals, agricultural products and tourism resources. The two countries are highly complementary and the center will bring more cooperation and business opportunities for both countries.

Several countries have set up national exhibition and trading centers in the FTZ, including Australia, Russia and Italy. More will open in the near future: Malaysia, Mexico and Thailand.

The centers are designed as a permanent exhibition to showcase the countries' signature goods and services and a trading venue for wholesalers, distributors, and agents from China to source genuine overseas products.

Li Yunzhang, vice general manager of the Shanghai Waigaoqiao Free Trade Zone United Development Co, said that they are building a 10,000-sq-m exhibition center to showcase products that are popular among Chinese customers, like seafood and fruit. Chinese and foreign enterprises can discuss business and make purchases in the center.

Wang Xinling, vice director of China (Shanghai) Pilot FTZ, said the national trading centers will facilitate emerging markets and allow foreign small and medium-sized enterprises to get access to Chinese market. On the other hand, domestic merchants will get trade information more easily.