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India-Chile FTA talks may begin after polls
Business Standard
|April 10, 2024
India and Chile are expected to start discussions on a free-trade agreement (FTA) to boost bilateral economic ties after the Lok Sabha election, said people aware of the matter.
Currently, both countries have a limited trade agreement, also known as a preferential trade agreement (PTA), in place. The discussions are expected to start after the polls, said one of the persons cited above. A trade deal with Chile will help India get greater access to the Latin American region.
"Demand from India's key export markets is saturated and that's why there is a need to focus on new markets, such as Latin American as well as the African market," the person told Business Standard.
This story is from the April 10, 2024 edition of Business Standard.
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