What happened?
The first round of negotiations for the India-Chile Comprehensive Economic Partnership Agreement (CEPA) successfully concluded in New Delhi. The negotiations began on May 26, following the signing of the Terms of Reference on May 8. Commerce Secretary Sunil Barthwal emphasized that the CEPA would lead to a deeper economic partnership and strengthened global value chains. This initiative follows the momentum from the State Visit of Chile’s President, Gabriel Boric Font, to India in April 2025, where both countries welcomed the launch of CEPA negotiations. Discussions covered trade, services, investment, economic cooperation, and strategic sectors. Both sides agreed to continue engagement through intersessional virtual discussions before the next round, expected in July or August 2025.
Why it matters to India
This successful first round of CEPA negotiations marks a significant step towards enhancing bilateral economic cooperation with Chile, an important partner in Latin America. The agreement is envisioned to unlock the full potential of trade and commercial ties, leading to increased employment, stronger bilateral trade, and sustained economic growth for India. A balanced, ambitious, comprehensive, and mutually beneficial agreement will deepen economic integration between the two countries, opening new opportunities for Indian businesses.