<h1>India and Chile Expand Preferential Trade Agreement, Offering Tariff Concessions to Boost Bilateral Trade Relations.</h1> India and Chile have expanded their Preferential Trade Agreement (PTA), originally signed in 2006 and effective from 2007. The new agreement, signed on September 6, 2016, offers India concessions on 1798 tariff lines with a Margin of Preference (MoP) ranging from 30%-100%, while Chile receives concessions on 1031 tariff lines with MoP ranging from 10%-100%. This expansion is expected to significantly benefit India, which exports a diverse range of products to Chile. In 2015-16, bilateral trade was valued at $2.64 billion. The agreement aims to strengthen economic and trade relations between the two nations.