Chile powers the Middle East and North Africa as new markets for agricultural exports

Published 2020년 9월 29일

Tridge summary

The report highlights the Middle East and North Africa (MENA) region as a potential new market for Chile's agriculture exports, making it the only major geographical area without a trade agreement with Chile. The report stresses the need for trade liberalization through regional and bilateral preferential trade agreements. Chile already has diplomatic relations with several MENA countries and is promoting trade and investment memorandums with the Gulf Cooperation Council (GCC). In 2019, the bilateral forestry trade between Chile and Saudi Arabia reached USD 108 million, and the UAE has potential for Chilean exports like sheep and poultry meat, cheeses, and mandarins. Morocco and Egypt also present opportunities for Chile in various export categories.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Middle East and North Africa (MENA) zone is emerging as an exciting new export market for Chile's agriculture. According to the report "Middle East and North Africa: new markets for Chilean agriculture" published by the Chilean Office of Agrarian Studies and Policies (PASO), it is "almost one of the only geographical areas with which Chile does not have a trade agreement and where the conditions of access to these countries are diverse ”. Currently, the Asian region is Chile's main export market; since it concentrates 52% of the shipments that leave the country to the world. Europe, for its part, represents 15% of shipments, Latin America 17% and North America 16%. Meanwhile, the Africa and Middle East region continues to be absent, so, according to the report; Although 95% of Chilean exports go to countries with trade agreements, it is important to continue expanding borders into new geographical areas. The degree of openness to trade in the MENA zone varies by country, ...

Source: ClPortalFrutiCola