India and Chile Initiate Negotiations for Economic Partnership Agreement
India and Chile have agreed to start talks on a comprehensive economic partnership agreement. The leaders discussed enhancing cooperation in critical sectors such as minerals, agriculture, defense, and cultural exchanges, while also advocating for dialogue in resolving global issues. This partnership aims to explore untapped investment potential and strengthen bilateral relations over the coming years.
On April 2, 2025, India and Chile commenced negotiations for a comprehensive economic partnership agreement during a bilateral meeting attended by Chile’s President Gabriel Boric Font and Indian Prime Minister Narendra Modi. Prime Minister Modi emphasized Chile’s significance as the “gateway to Antarctica” and highlighted plans to enhance cooperation in critical minerals, food security, and resilient supply chains.
Collaboration in the agricultural sector will prioritize food security by leveraging both nations’ capabilities. Prime Minister Modi noted the strengthening defense ties, stating, “The growing cooperation in the field of defence is a symbol of our deep mutual trust.” He also mentioned plans to enhance cooperation in addressing issues such as organized crime, drug trafficking, and terrorism between both countries.
Modi described Chile as an important Latin American partner, expressing India’s intention to share its expertise in various fields including digital public infrastructure, renewable energy, railways, and space. The dialogue also resulted in a signed Letter of Intent to foster cooperation in Antarctic-related activities, as Chile serves as a key logistical hub for expeditions to the continent.
Reflecting on the significance of the bilateral relations, President Boric highlighted the consolidation of seven decades of ties, being the third Chilean president to visit India in 16 years. Modi pointed out untapped potential for investment and mutual trade, indicating new initiatives to be pursued over the forthcoming decade.
The leaders advocated for dialogue in resolving global tensions and emphasized the necessity of reforms within the United Nations Security Council. Furthermore, Modi stated the growing popularity of Indian films in Chile, signaling cultural acceptance between the nations. Finally, the Indian side conveyed its interest in training Chilean military personnel in areas of mutual interest, affirming a commitment to collaborative engagement.
The commencement of negotiations for a comprehensive economic partnership between India and Chile marks a significant step toward strengthening bilateral relations. Both nations plan to enhance cooperation across various sectors, including defense, agriculture, and cultural exchange, while advocating for dialogue in international matters. This partnership has the potential to realize untapped opportunities in trade and investment, underscoring the mutual trust and collaboration between India and Chile.
Original Source: indianexpress.com
