📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
International
India Reaffirms Commitment to Finalise Trade Deal with Chile Within 2024
✍️ The Hindu
🗓 31 Aug 2026, 07:13 AM
👁 26
India has reiterated its intention to conclude a comprehensive trade agreement with Chile by the end of the year, according to The Hindu.
India has reiterated its commitment to finalise a comprehensive trade agreement with Chile by the end of 2024. The announcement comes as part of ongoing negotiations that began last year, aiming to boost bilateral trade and investment.
The agreement is expected to cover a wide range of sectors, including agriculture, pharmaceuticals, and renewable energy. It would also seek to reduce tariff barriers and streamline customs procedures.
Indian officials highlighted the strategic importance of the deal for diversifying trade partners and strengthening ties with Latin America. Chile, meanwhile, has expressed optimism about the potential for increased exports of fruits, wine and minerals to India.
Both governments have set a target to conclude the pact within the current calendar year, signalling a high priority for the trade partnership.
The agreement is expected to cover a wide range of sectors, including agriculture, pharmaceuticals, and renewable energy. It would also seek to reduce tariff barriers and streamline customs procedures.
Indian officials highlighted the strategic importance of the deal for diversifying trade partners and strengthening ties with Latin America. Chile, meanwhile, has expressed optimism about the potential for increased exports of fruits, wine and minerals to India.
Both governments have set a target to conclude the pact within the current calendar year, signalling a high priority for the trade partnership.