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Modi Meets Chilean Prez, Trade Agreement in Focus
Hindustan Times Pune
|April 02, 2025
India and Chile on Tuesday announced they will begin negotiations for a comprehensive trade pact as Prime Minister Narendra Modi and Chilean President Gabriel Boric explored new avenues for cooperation in defence, critical minerals and technology.
NEW DELHI:
The proposed comprehensive economic partnership agreement (CEPA) will build on a Preferential Trade Agreement that India concluded with Latin America's fifth-largest economy in May 2017. The move is also in line with New Delhi's focus on South America, where India has expanded its diplomatic footprint in recent years.
At a media interaction after his talks with Boric, Modi described Chile as India's "valued friend and partner country" in Latin America and said there is untapped potential in trade and investment. "Today, we have instructed our teams to initiate discussions on a mutually beneficial comprehensive economic partnership agreement," he said.
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