Chile India Trade

Next round of talks on proposed trade pact with Chile likely in Dec

The next round of negotiations between India and Chile on the proposed free trade agreement is expected to be held in December here, an official said. The pact with the the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors. India and Chile concluded the third round of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) in Santiago. The four-day talks concluded on October 30. India is seeking preferential treatment for critical minerals in Chile under the pact. India's growing trade engagement with Chile reflects its strategic focus on building stronger partnerships with the Latin American region through mutually beneficial and comprehensive economic cooperation frameworks, the official said. India and Chile implemented a preferential trade agreement (PTA) in 2006 and are now negotiating to widen its scope for a comprehensive economic partnership agreement. CEPA aims to build upon the exis

India, Chile aim to finalise CEPA by year-end after fast-track talks

Commerce officials to visit Santiago this month for third round of CEPA talks, with focus on critical minerals and expanded market access

Delegation from Chile in India to visit various units of Hindustan Copper

State-run Hindustan Copper Ltd (HCL) on Monday said a delegation of mining experts from Chile will visit various units of the PSU over the next three weeks to assess mining and operational aspects and explore opportunities for knowledge sharing and value addition. This comes after a memorandum of understanding (MoU) between HCL and CODELCO in the presence of the Prime Minister Narendra Modi and President of Chile Gabriel Boric Font, in April. "HCL welcomed a delegation from CODELCO (Corporacin Nacional del Cobre), the state-owned copper mining company of Chile, in New Delhi early today. In a first-of-its-kind mission in India, experts from the Chilean Copper major will be visiting all HCL units and offices across the country to assess various mining and operational aspects," the PSU said in a statement. The pact focuses on sharing knowledge and best practices to facilitate exploration, mining, and mineral beneficiation, along with employee training and capacity building. Mines ...

Andean aspirations: Why is India cosying up to Chile for a trade deal?

While both sides have shared trade interests such as agricultural products and services, the elephant in the room is Chiles expansive reserves of critical minerals, key among them being lithium

India, Chile to begin negotiations for comprehensive trade deal in May

First CEPA negotiation round between India and Chile to begin May 26 in New Delhi aiming to expand the existing PTA and deepen economic cooperation across key sectors

India and Chile's CEPA talks to focus on MSMEs, investment, and more

India and Chile have finalised the terms of reference for a Comprehensive Economic Partnership Agreement (CEPA) to broaden bilateral cooperation

India, Chile ink terms of reference for comprehensive free trade pact

India and Chile on Thursday signed terms of reference (ToRs) to negotiate a comprehensive free trade agreement. The two countries implemented a preferential trade agreement (PTA) in 2006 and are now planning to widen its scope for a comprehensive economic partnership agreement (CEPA). An expanded PTA was subsequently signed in September 2016 and became effective from May 16, 2017. In April 2019, both countries agreed to pursue a further expansion of the PTA. To deepen their economic engagement, both sides expressed their intention to negotiate a CEPA to unlock the full potential of their trade and commercial relationship, boosting employment, facilitating investment promotion, and cooperation and exports, the commerce ministry said. The CEPA aims to build upon the existing PTA between the two nations and seeks to encompass a broader range of sectors, including digital services, investment promotion and cooperation, MSME (Micro, Small and Medium Enterprises), and critical ...

Indian delegation to visit Chile, seek stake in SQM's lithium projects

Government-backed Khanij Bidesh India Ltd (KABIL), Coal India, Oil India, and ONGC Videsh are in talks with SQM for stakes of 20 per cent in its Mount Holland and Andover projects in Australia

Chile's President Gabriel Boric meets Jaishankar, pays homage at Raj Ghat

Chilean President Gabriel Boric Font arrived in New Delhi on Monday for his first state visit to India, receiving a ceremonial welcome and a Guard of Honour. He was warmly received at the airport by Union Minister of State Pabitra Margherita.Official spokesperson of the Ministry of External Affairs, Randhir Jaiswal, confirmed Boric's arrival on X (formerly Twitter), stating, "Bienvenido, President Gabriel Boric Font! President Gabriel Boric Font of Chile landed in New Delhi on his first State Visit to India. Accorded a ceremonial welcome & Guard of Honour. Warmly received by Union Minister of State Pabitra Margherita at the airport."At the invitation of Prime Minister Narendra Modi, Boric's visit from April 1-5 aims to strengthen bilateral ties between India and Chile.The Chilean President is accompanied by a high-level delegation, including ministers, members of parliament, senior officials, business representatives, media, and key figures engaged in India-Chile cultural ...

Chilean President Gabriel Boric to begin 5-day India visit from April 1

Chile President Gabriel Boric Font will pay a five-day state visit to India beginning April 1 to explore ways to shore up bilateral cooperation in a number of areas including trade and defence. It will be Boric's first visit to India in his capacity as the president. The Chilean leader is coming to India at the invitation of Prime Minister Narendra Modi, the Ministry of External Affairs (MEA) said on Thursday, announcing the trip. Boric will be accompanied by a high-level delegation, including ministers, members of Parliament, senior officials, business associations, media and prominent Chileans involved in the India-Chile cultural connect. "The forthcoming state visit of President Boric will provide an opportunity for the leaders to undertake a comprehensive review of bilateral ties, as well as to discuss regional and international issues of mutual interest," it said. Apart from New Delhi, Boric will also travel to Agra, Mumbai and Bengaluru before returning to Chile on April ...

Taiwan can help India reduce trade deficit with China: Taiwanese dy NSA

Taiwan can help India reduce its import of electronic components from China and the best way to expand the economic engagement would be to firm up a free trade pact, Taiwanese deputy national security adviser Hsu Szu-Chien said on Thursday. In an exclusive interview to PTI, Hsu said a trade deal will pave the way for greater investment in India by Taiwanese companies in the semiconductor and other high-technology sectors as it will help to bring down the "high tariff" regime. The Taiwanese deputy national security adviser was in the national capital primarily to participate in the Raisina Dialogue, India's flagship conference on geopolitics. Hsu said there can be a match-making between technology of Taiwan and India's demographic dividends to produce high-end technology components in India that will help New Delhi cut its imports from China. It is learnt that he also held closed-door meetings with his Indian interlocutors on ways to expand the overall India-Taiwan relations. "I th

Chile FM Klaveren's visit to India helped advance bilateral ties: MEA

The visit of Chile's Minister of Foreign Affairs, Alberto van Klaveren, to India provided an opportunity to review the progress in bilateral cooperation and helped advance the ties between the two countries, the MEA said on Saturday. The Chilean foreign minister paid an official visit to India from August 27-31 at the invitation of External Affairs Minister S Jaishankar. On August 28, Jaishankar and van Klaveren co-chaired the second India-Chile Joint Commission Meeting (JCM); met with Commerce and Industry Minister Piyush Goyal and inaugurated the Chile-India Business (Agriculture) Summit; and delivered a lecture at the Jawaharlal Nehru University (JNU), the Ministry of External Affairs (MEA) said in a statement. During the JCM, the ministers reviewed bilateral relations and held wide-ranging discussions for strengthening cooperation in trade and investment, agriculture, critical minerals, digital public infrastructure, defence, railways, health and pharmaceuticals, science and ...

India-Chile free-trade agreement talks may begin after Lok Sabha polls

A trade deal with Chile will give India greater access to Latin American region

India to send delegations to Chile seeking lithium and copper assets

Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems

India looking at FTAs for strategic considerations also: Commerce Secretary

India is looking at Free Trade Agreements (FTAs) not only from the trade point of view but also keeping in mind the country's strategic needs, especially with regard to the smooth supply of critical minerals, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that India is now looking at FTAs from the point of view of what is the country's strategic needs in addition to trade. For instance, batteries in electric vehicles require critical minerals. India is in talks with Australia for its smooth supplies. South American nations of Peru and Chile also have huge reserves of the critical minerals. India is looking at commencing negotiations for an FTA with Peru and Chile also has expressed interest for a trade pact. "So, in addition to trade, now, we are looking at FTAs from the point of view of our strategic considerations. So, that is the fresh approach that we are taking in our FTAs," Barthwal told reporters here. Normally in a trade agreement, two or

Meenakashi Lekhi discusses bilateral trade with Chilean business delegation

Minister of State for External Affairs Meenakashi Lekhi, who visited Chile as part of her ongoing eight-day visit to South America, met with the Chilean business delegation and discussed the bilateral cooperation and investment opportunities.Taking to Twitter, the MoS said, "Delighted to interact with Chilean business delegation. Thank Mr Richard Von Appen, President of SOFOFA, (Federation of Chilean Industry) for organising the meeting. Discussed our growing bilateral cooperation in trade & commerce, investment opportunities for Chile companies and advantage of doing business with India."The Minister also visited the Parliament of Chile and attended the parliamentary session. The MoS also held productive talks with the Speaker of the Chilean President of the Chamber of Deputies (Lower house in Chile Parliament), Raul Soto Diputado. Both sides discussed the growing partnership between the two countries."Visited the beautiful Parliament of Chile and witnessed a session of the ...

India, Chile agree to deepen bilateral relations post Covid-19 pandemic

India and Chile on Friday agreed to deepen bilateral relations post the COVID-19 pandemic, including the second expansion of the India-Chile Preferential Trade Agreement

India, Chile review bilateral ties; to firm up investment protection pact

The Ministry of External Affairs (MEA), in a statement, said both sides discussed the future trajectory of their wide-ranging engagements in the meeting

Cabinet approves signing of pact with Chile to avoid double taxation

The agreement and protocol implement minimum standards and other recommendations of G-20 OECD Base Erosion Profit Shifting (BEPS) Project

Chile opens up to India's textiles and chemicals

New Delhi, 14 MayAvocados and blueberries from Chile may now hit the Indian markets while mangoes and pomegranates from here are likely to enter the South American country. Besides, textiles and chemicals from India would see greater market access in Chile.This is the outcome of Chile's agreement with the Union agriculture ministry. Separately, eyeing more trade with South America, India has expanded the trade agreement with Chile, and the new pact, on which discussions had been going on for 10 years, will come into force on Tuesday.However, shipments will have to go through phytosanitary inspection and certification.Chile sent more than 35,000 tonnes of fresh fruit in 2016-17, the bulk of which were red apples, apart from table grapes, kiwifruit, pears, and cherries.Chilean Ambassador Andres Barbe Gonzalez has highlighted the huge potential that exists for avocados and blueberries, particularly in hotels and fruit stores. Currently, avocados are imported from New Zealand while ...