Archive · 2 Jun 2025
India, Chile Sign Trade Deal Terms; Negotiations Set
India and Chile are working on a big trade deal to make it easier for them to trade with each other.
They've agreed on the rules for this deal, called the CEPA.
This builds on a smaller trade agreement they already have.
The goal is to increase trade, create jobs, and work together on things like important minerals.
They're starting negotiations soon, and India is also looking to make similar deals with other countries in Latin America to make sure they have access to important resources.
India and Chile signed Terms of Reference for a Comprehensive Economic Partnership Agreement (CEPA).
The CEPA aims to build upon the existing Preferential Trade Agreement (PTA).
Negotiations are scheduled to begin in New Delhi from May 26-30.
The agreement seeks to deepen cooperation in sectors like critical minerals.
India aims to secure supply chains for critical minerals with Latin American countries.
- Who
- India and Chile are involved.
- What
- They signed the Terms of Reference for a Comprehensive Economic Partnership Agreement.
- When
- The 1st round of negotiations is scheduled for May 26-30.
- Where
- The negotiations will be held in New Delhi.
- Why
- To strengthen bilateral relations, boost employment, and facilitate investment promotion and exports.
- Agreement
- Comprehensive Economic Partnership Agreement (CEPA)
- Signing Parties
- India and Chile
- Negotiation Start
- May 26-30
- Location
- New Delhi
- Focus Areas
- Critical minerals, digital services, MSMEs, investment promotion
- Existing Agreement
- Preferential Trade Agreement (PTA) since 2005