Even as India has finalised negotiations for the FTA with the U.Ok. and talks are underway on a number of different related agreements, the federal government on Friday (May 9, 2025) introduced it has signed the terms of reference with Chile for a Comprehensive Economic Partnership Agreement (CEPA).
The mutually agreed terms had been signed by Juan Angulo, Ambassador of Chile in India, and Vimal Anand, joint secretary within the Ministry of Commerce and Industry. Mr. Anand can also be the chief negotiator for the India-Chile CEPA on behalf of India.
“The CEPA aims to build upon the existing PTA (Preferential Trade Agreement) between the two nations and seeks to encompass a broader range of sectors, including digital services, investment promotion and cooperation, MSME, critical minerals etc. thereby enhancing economic integration and cooperation,” the federal government mentioned in a launch.
India’s bilateral trade with Chile stood at $3.6 billion in 2024-25 as of February 2025. This is double the $1.8 billion of trade between the 2 international locations in 2016-17, the earliest interval for which there’s knowledge.
However, India maintains a trade deficit with Chile, with the deficit at round $2.5 billion in 2024-25.
Published – May 09, 2025 04:22 pm IST
