India and Chile Strengthen Economic Partnership, Push for Early CEPA
Conclusion
·
Union Minister of Commerce and Industry Piyush Goyal Holds Talks with
Chile Foreign Minister to Deepen Bilateral Trade and Investment Cooperation
·
India and Chile Reaffirm Commitment for Early Conclusion of CEPA;
Discussions Cover Trade Facilitation, Market Access and Investment Cooperation
Key Highlights
·
High-level delegation from Chile led by Foreign Minister Francisco Pérez
Mackenna visited India to enhance bilateral economic and commercial
cooperation.
·
Union Commerce and Industry Minister Piyush Goyal held talks with the
Chilean delegation.
Focus of Bilateral Discussions
·
Strengthening:
o Bilateral trade
o Investment cooperation
o Business-to-business engagement
o Economic partnerships in priority
sectors
·
Both sides acknowledged steady growth in India–Chile economic relations.
CEPA Negotiations
·
India and Chile reaffirmed commitment for early conclusion of the:
o Comprehensive Economic Partnership
Agreement (CEPA)
·
CEPA viewed as crucial for unlocking full potential of bilateral
economic ties.
·
Discussions included:
o Trade facilitation
o Market access
o Investment promotion
o Institutional economic cooperation
Separate Official-Level Meeting
·
India’s Commerce Secretary held talks with:
o Paula Estévez
·
Discussions focused on modalities for early CEPA finalisation and
broader economic cooperation.
India–Chile Business Roundtable
·
Business Roundtable organized in New Delhi with participation from
industry leaders of both countries.
·
Explored cooperation opportunities in:
o Critical minerals
o Renewable energy
o Agri-business
o Infrastructure
o Pharmaceuticals
o Digital services
o Logistics
o Advanced manufacturing
Strategic Importance
·
Both countries highlighted:
o Strong complementarities between
their economies
o Need for resilient supply chains
o Sustainable development cooperation
o Greater private-sector participation
Overall Outcome
·
Visit strengthened momentum in India–Chile bilateral relations.
·
Reaffirmed commitment towards building a stronger, future-oriented
economic partnership based on:
o Mutual trust
o Democratic values
o Expanding economic engagement.
[ABS News Service/14.05.2026]
A high-level delegation from the
Republic of Chile led by H.E. Mr. Francisco Pérez Mackenna, Minister of Foreign
Affairs of Chile, visited India for bilateral engagements aimed at
strengthening economic and commercial cooperation between the two countries.
During the visit, Union Minister of
Commerce & Industry Piyush Goyal held discussions with the Foreign Minister
of Chile on further deepening bilateral trade and investment ties and enhancing
economic cooperation in priority sectors. Both sides noted the steady growth in
India 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 Ms. 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 broad
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 organized 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.