India aims to conclude Comprehensive Economic Partnership Agreement with Chile this year
India is committed to concluding a 'balanced and mutually beneficial' Comprehensive Economic Partnership Agreement (CEPA) with Chile this year. This commitment was reaffirmed during a meeting between Commerce Secretary Rajesh Agrawal and Chile's Vice-Minister Paula Estévez Weinstein in Santiago. Negotiations for the CEPA began in May, following the signing of the Terms of Reference in May 2025. Both nations, as members of the Global South, emphasized the importance of their growing relationship and the potential for enhanced economic cooperation in sectors like healthcare, pharmaceuticals, energy, minerals, agriculture, machinery, and engineering.
Key Points
- India is committed to concluding a Comprehensive Economic Partnership Agreement (CEPA) with Chile this year.
- Negotiations for the CEPA began in May, following the signing of the Terms of Reference on May 8, 2025.
- The agreement aims to deliver equitable and commercially meaningful outcomes for businesses in both countries.
- Both India and Chile are members of the Global South, sharing a common strategic vision.
- Key sectors for enhanced economic cooperation include healthcare, pharmaceuticals, energy, minerals, agriculture, machinery, and engineering.
Exam Facts
- Commerce Secretary Rajesh Agrawal met with Chile's Vice-Minister Paula Estévez Weinstein on August 26 in Santiago.
- India's exports to Chile stood at $1.2 billion in 2025-26, up 5.8% from the previous year.
- Imports from Chile stood at $5 billion, 93% higher than in 2024-25.
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