India-Chile Comprehensive Economic Partnership Agreement

On 8th May 2025, India and Chile officially signed the Terms of Reference (ToR) for negotiating a Comprehensive Economic Partnership Agreement (CEPA), marking a milestone in advancing their bilateral trade framework.

Key Points

CEPA Launch: The ToR was signed by Chilean Ambassador Juan Angulo and India’s Joint Secretary (Commerce) Vimal Anand on May 8.
Beyond Existing PTA: CEPA aims to build on the 2006 Preferential Trade Agreement, expanding to areas like digital trade, MSMEs, critical minerals, and investment.
Strategic Partnership: India and Chile share a warm bilateral relationship, strengthened by high-level visits and long-standing economic cooperation.
Historic Ties: The two countries signed a Framework Agreement in 2005, and since then, trade relations have grown consistently.