Ministry of Commerce & Industry in its latest notification has said that India remains committed to concluding the Comprehensive Economic Partnership Agreement (CEPA) negotiations with Chile within this year, with the aim of delivering a balanced and mutually beneficial framework that provides equitable and commercially meaningful outcomes for businesses on both sides. Commerce Secretary Rajesh Agrawal was there in Santiago, Chile, to advance negotiations on the India-Chile Comprehensive Economic Partnership Agreement.
India reiterated its commitment to openness, sustained engagement and a balanced approach in strengthening the India-Chile economic partnership, with a focus on creating meaningful opportunities for businesses and people in both countries. The shared identity of India and Chile as members of the Global South, along with their common strategic vision, provides a strong foundation for deepening bilateral economic cooperation and advancing shared prosperity.
Further, the Commerce Secretary highlighted the immense potential for enhanced economic cooperation in sectors including healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering. The successful conclusion of the CEPA negotiations would provide further momentum to the growing bilateral trade and economic partnership between the two countries. The CEPA is expected to open new avenues for greater trade and investment, while fostering cooperation in technology, talent and resilient supply chains, thereby creating stronger foundations for long-term economic cooperation between India and Chile.
