India and Chile reaffirm commitment for early conclusion of CEPA: Commerce Ministry

Union Minister of Commerce & Industry Piyush Goyal held discussions with the Foreign Minister of Chile Francisco Pérez Mackenna, as the high-level delegation from the Republic of Chile visited India for bilateral engagements.

The visit aimed at strengthening economic and commercial cooperation between the two countries. It focused on deepening bilateral trade and investment ties and enhancing economic cooperation in priority sectors.

Both sides noted the steady growth in India and Chile economic relations and reaffirmed their shared commitment to expanding bilateral trade, investment and business-to-business engagement.

The discussions focused on the ongoing negotiations towards a Comprehensive Economic Partnership Agreement (CEPA) between India and Chile.

Both sides acknowledged the importance of CEPA in unlocking the full potential of the bilateral economic relationship and expressed their commitment to work towards its early conclusion.

Commerce Secretary also held a separate meeting with Paula Estévez, Vice-Minister of International Economic Relations (SUBREI), Government of Chile.

Apart from discussing the modalities for early conclusion of CEPA, the interactions also covered a range of issues relating to trade facilitation, market access, investment promotion and strengthening institutional economic engagement between the two countries.

As a part of the bilateral engagement, an India-Chile Business Roundtable was also organised in New Delhi with participation from leading business representatives and industry stakeholders from both countries.

The Roundtable served as an important platform for exploring new avenues of collaboration in sectors such as critical minerals, renewable energy, agri-business, infrastructure, pharmaceuticals, digital services, logistics and advanced manufacturing.

Both sides emphasized the strong complementarities between the Indian and Chilean economies and underscored the importance of resilient supply chains, sustainable development and greater private-sector participation in advancing bilateral economic cooperation.

India and Chile share warm and longstanding relations marked by mutual trust, democratic values and growing economic engagement.

The visit further strengthened the momentum in bilateral ties and reaffirmed the shared commitment of both countries towards building a stronger and future-oriented economic partnership.