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Export expanding in new markets

Day post: 13-10-2014

According to the Ministry of Industry and Trade, the first 9 months of 2014, exports (exports) to new markets like Africa, Latin America, the Caribbean has a high growth rate. 
 
Specifically, the first 9 months of the year, export turnover to the countries of the African region has increased by more than 50% over the same period, including North Africa region reached 466 million, up nearly 60% over the same period. The countries in this group are such as Egypt and Algieri growth of over 50%. 
 
The main exports to Africa have increased turnover is mainly industrial goods such as computers, electronic products and components, telephones, vehicles and parts, machinery, footwear , textile products, construction materials. There is also a group of seafood, coffee, pepper. So enterprises (companies) need to expand research and promote exports to this potential market. 
 
Besides African markets, Latin America and the Caribbean also has a significant export growth. In the first 9 months of the year, export turnover to this market reached 25.22 billion dollars, an increase of 25% over the same period. 
 
In particular, the turnover exports to the Chilean market has reached 354 million, up 132.9% compared to the same period last year. This growth was achieved due to the positive impact of the Free Trade Agreement signed between the two countries with effect from January 1/2014. 
 
In the new market, although export turnover is not high, however, the numbers showed positive growth, diversifying target markets for export of our country is moving in the right direction.

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