Union Minister of Commerce and Industry Shri 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

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 Shri 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.

Comprehensive Economic Partnership Agreement talks advance as India and Chile deepen trade, investment and business cooperation. Bilateral economic and commercial cooperation between India and Chile was advanced through high-level ministerial and official engagements focused on deepening trade, investment and institutional ties. The discussions reaffirmed the shared commitment of both sides to expand bilateral business engagement and to work towards the early conclusion of a Comprehensive Economic Partnership Agreement as a framework for unlocking the relationship's economic potential. The talks also covered trade facilitation, market access, investment promotion and stronger economic institutional engagement.