India Strengthens Economic Ties with Chile in CEPA Talks

India and Chile have made significant progress in the comprehensive economic partnership agreement (CEPA) negotiations, focusing on critical minerals and diverse sectors. The agreement aims to enhance bilateral trade by leveraging existing trade agreements and exploring new areas like digital services and investment cooperation.

India and Chile have concluded the fourth round of negotiations for the Comprehensive Economic Partnership Agreement (CEPA). Officials report that the talks yielded substantial progress, with many chapters nearing conclusion.

The discussions focused on finalized textual elements and proposals requiring technical engagement, emphasizing both countries' commitment to a mutually beneficial agreement. The agreement is likely to enhance India's access to Chilean critical minerals, vital for electronics, auto, and solar industries.

Following the 2006 Preferential Trade Agreement (PTA), CEPA aims to deepen economic ties, covering sectors such as digital services, MSMEs, and critical minerals, fostering greater trade opportunities between the nations.

(With inputs from agencies.)