3 weeks ago

India Commerce Secretary to visit Chile to review CEPA talks

India Commerce Secretary to visit Chile to review CEPA talks
Commerce Secretary to visit Chile to review FTA talks · financialexpress.com

A trade deal is an agreement between two countries to make buying and selling things easier.

India and Chile are working on a special trade deal called a Comprehensive Economic Partnership Agreement, or CEPA for short.

India's Commerce Secretary, Rajesh Agrawal, is going to Chile to check how the talks are going.

The talks had stopped for a little while because Chile got a new leader, President José Antonio Kast.

India really wants to get minerals like lithium and copper from Chile.

These minerals are used to make electric car batteries and solar panels.

India is worried that if Chile suddenly stops selling them, India won't have enough, so the new deal has a special part about minerals.

The two countries already trade a lot, with total trade reaching $5.38 billion in 2025.

India is also talking to other countries in South America, like the Mercosur group, about similar deals.

Both countries hope the new deal will make trading easier and safer.

Key facts

Proposed agreement
Comprehensive Economic Partnership Agreement (CEPA) between India and Chile
Current framework
Expanded Preferential Trade Agreement (PTA), in force since 2017
PTA tariff lines
Expanded from 474 lines (2006) to 2,829 lines (2016)
Bilateral trade 2025
$5.38 billion, up from $3.84 billion in 2024
Indian exports to Chile 2025
$1.41 billion, up 14%
Indian imports from Chile 2025
$3.97 billion, up 53%
Key minerals involved
Lithium, copper, molybdenum, iodine
Chile's trade ranking
India's fifth-largest trading partner in the Latin America and Caribbean (LAC) region

Quotes

Senior official

Indian government trade official

“If we get a good deal, we are on… if we do not get a good deal, I do not have a gun on my head.”
financialexpress.com

Sources

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