India and Chile Set the Stage for Comprehensive Free Trade Agreement

India and Chile have agreed to negotiate a comprehensive free trade agreement to enhance economic engagement. Building on their existing preferential trade agreement, they aim to expand into sectors like digital services and critical minerals. This step signifies a stronger commitment to bilateral trade relations.

India and Chile have taken a crucial step in expanding their trade relations, signing terms of reference to negotiate a comprehensive free trade agreement on Thursday.

The move builds on a preferential trade agreement initiated in 2006, with the aim of developing a comprehensive economic partnership agreement.

The new agreement promises to deepen economic ties by broadening into digital services, investment promotion, MSMEs, and critical minerals, signaling a significant advancement in bilateral relations.