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India and Chile Step Up CEPA Talks Toward Early Conclusion

New Delhi meetings signal a push to fast‑track a broader pact to diversify markets, strengthen supply chains.

Overview

  • India and Chile, which held ministerial meetings in New Delhi on Tuesday and Wednesday, reviewed CEPA talks and restated a shared goal of finishing the pact early.
  • S. Jaishankar met Chile’s Francisco Pérez Mackenna and said they discussed market diversification, priority exports, the services economy, and closer work in plurilateral and multilateral forums.
  • The proposed Comprehensive Economic Partnership Agreement would expand the current tariff‑cut deal into services, investment, MSMEs, digital trade, and critical minerals.
  • Piyush Goyal and the Chilean delegation also convened a business roundtable that explored deals in critical minerals, renewables, agri‑business, infrastructure, pharma, digital services, logistics, and advanced manufacturing.
  • These steps build on a 2005 framework, a 2006 PTA expanded in 2016 and in force since 2017, a Joint Study Group recommendation in April 2024, and the formal launch of CEPA talks after President Gabriel Boric’s April 2025 visit.