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Informist, Wednesday, May 13, 2026

 

NEW DELHI – India and Chile have reaffirmed their commitment to work towards the early conclusion of a Comprehensive Economic Partnership Agreement to unlock the full potential of the bilateral economic relationship, the commerce ministry said in a release Wednesday. A high-level delegation from Chile, led by its Foreign Minister Francisco Prez Mackenna, met India's Commerce and Industry Minister Piyush Goyal and discussed ways to strengthen economic and commercial cooperation between the two countries.

 

"Both sides noted the steady growth in India-Chile economic relations and reaffirmed their shared commitment to expanding bilateral trade, investment and business-to-business engagement," the ministry said in the release. 

 

Commerce Secretary Rajesh Agrawal also held a separate meeting with Paula Estvez, vice-minister of international economic relations of Chile, where they discussed the modalities for early conclusion of the Comprehensive Economic Partnership Agreement. Their interactions also covered a broad range of issues relating to trade facilitation, market access, investment promotion and strengthening institutional economic engagement between the two countries.

 

Currently, India has a preferential trade pact with Chile and wants to expand it into a comprehensive economic pact. India's total trade with Chile was $3.76 billion in 2024-25 (Apr-Mar), with exports amounting to $1.15 billion and imports to $2.60 billion. 

 

The two sides also participated in an India-Chile Business Roundtable, where new avenues of collaboration were discussed in sectors such as critical minerals, renewable energy, agri-business, infrastructure, pharmaceuticals, digital services, logistics and advanced manufacturing. Both the nations "...underscored the importance of resilient supply chains, sustainable development and greater private-sector participation in advancing bilateral economic cooperation," the ministry said.  End

 

US$1 = INR 95.71

 

Reported by Priyasmita Dutta

Edited by Tanima Banerjee

 

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