<h1>India and Chile Expand Preferential Trade Agreement: More Tariff Concessions to Boost Bilateral Trade and Economic Relations.</h1> The Union Cabinet of India has approved the expansion of the India-Chile Preferential Trade Agreement (PTA), initially signed in 2006 and effective from 2007. This expansion involves Chile offering India concessions on 1,798 tariff lines, with preference margins ranging from 30% to 100%, while India offers concessions on 1,031 tariff lines, with margins from 10% to 100%. The agreement aims to cover 86% of India's exports to Chile, potentially doubling exports. The bilateral trade between the two nations grew by 58.49% from 2006-07 to 2014-15, enhancing economic relations and cooperation in international forums.