India and Chile signed Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA) to expand bilateral trade. The deal builds on an existing trade pact and focuses on critical minerals, digital services, MSMEs, and investments. Talks begin in New Delhi on May 26–30.

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• India, Chile signed ToR for CEPA to expand trade ties
• Talks scheduled in New Delhi from May 26 to 30
• Agreement aims to deepen ties beyond 2005 Preferential Trade Agreement
• Focus sectors: critical minerals, digital services, MSMEs, investment
• CEPA to secure India’s mineral supply amid global geopolitical risks
• Chile’s Ambassador and India’s Commerce Joint Secretary signed the ToR
• Builds on three prior negotiation rounds held till 2021
• Joint Study Group report finalized on April 30, 2024
• Chile’s President visited India in April 2024 to strengthen ties
• India also pursuing trade talks with MERCOSUR (Brazil, Argentina, etc.)