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Piyush Goyal, Chile Foreign Minister Discuss CEPA Progress and Trade Ties

Union Minister Piyush Goyal met Chile's Foreign Minister Francisco Perez Mackenna to review progress on the India-Chile Comprehensive Economic Partnership Agreement (CEPA). The discussions focused on deepening trade, investment, and strategic partnerships between the two nations. Goyal emphasized India's commitment to expanding economic engagement and people-to-people ties for shared prosperity. The proposed CEPA aims to expand the existing Preferential Trade Agreement to cover sectors like digital services, MSMEs, and critical minerals.

Key Points: India-Chile CEPA Talks: Goyal Meets Chile Foreign Minister

  • India-Chile CEPA negotiations reviewed
  • Focus on deepening trade and investment ties
  • CEPA aims to expand existing PTA to new sectors
  • Joint Study Group report finalized in April 2024
2 min read

Piyush Goyal, Chile Foreign Minister discuss strategic trade partnership, CEPA progress

Piyush Goyal met Chile's Foreign Minister Francisco Perez Mackenna to review India-Chile CEPA progress, aiming to deepen trade, investment, and strategic partnerships.

"India values its warm and longstanding partnership with Chile, and we remain committed to expanding our economic engagement and people-to-people ties for shared growth and prosperity - Piyush Goyal"

New Delhi, May 12

Union Minister of Commerce & Industry Piyush Goyal on Tuesday held discussions with Francisco Perez Mackenna, Minister of Foreign Affairs of the Chile and members of the Chilean delegation to review progress in the proposed India-Chile Comprehensive Economic Partnership Agreement and explore ways to strengthen bilateral trade and investment ties.

The discussions focused on deepening trade, investment, and strategic partnerships

Sharing details of the meeting in a post on X, Goyal said the two sides discussed measures to deepen economic engagement and strengthen the strategic partnership between India and Chile."We reviewed the progress of the India-Chile Comprehensive Economic Partnership Agreement (CEPA) negotiations and discussed ways to further deepen our trade, investment, and strategic partnership," Goyal said in his X post.The minister said India values its longstanding relationship with Chile and remains committed to broadening bilateral cooperation. "India values its warm and longstanding partnership with Chile, and we remain committed to expanding our economic engagement and people-to-people ties for shared growth and prosperity," he said.The meeting comes as both countries continue engagement on the proposed CEPA aimed at strengthening trade relations and expanding economic cooperation.The proposed CEPA between India and Chile aims to expand the scope of the existing Preferential Trade Agreement (PTA) and cover a wider range of sectors, including digital services, investment promotion, MSMEs and critical minerals.India and Chile signed a Framework Agreement on Economic Cooperation in 2005, followed by a PTA in 2006. An expanded PTA was signed in 2016 and came into force in 2017. Both sides later agreed to further expand the pact, with three rounds of negotiations held between 2019 and 2021.To deepen economic ties, the two countries agreed to negotiate a CEPA after a Joint Study Group under the framework agreement recommended a broader pact to boost trade, exports, employment and investment cooperation. The Joint Study Group report was finalised and signed on April 30, 2024.The move was reaffirmed during the visit of Gabriel Boric to India in April 2025, when both sides welcomed the signing of the Terms of Reference and formally launched CEPA negotiations aimed at a comprehensive and mutually beneficial trade agreement.

- ANI

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Reader Comments

S
Sneha F
CEPA is a welcome move but we need to ensure our MSMEs get a fair deal. Many small businesses struggle with complex trade rules. Hope the negotiations also focus on easing paperwork and reducing import duties on Indian pharma and textiles. 🇮🇳🤝🇨🇱
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Ravi K
Chile is one of the most stable economies in South America. The timing is right—India can export more engineering goods, IT services, and generic medicines. But we must be careful about agricultural imports; Chilean apples and wine are good but can hit our farmers if tariffs are lowered too much.
J
James A
Interesting development. As an American living in India, I see this as a smart move—diversifying trade away from over-reliance on any single partner. Chile can act as a gateway to Latin America for Indian firms. Hope the digital services part gets real attention; India has a lot to offer in fintech and software.
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Priya S
Great to see Piyush Goyal proactively engaging with Chile. The PTA we signed in 2006 was good but limited; now with CEPA we can cover services and investments too. But I wish the government also focused on easing visas for Indian professionals—that would really boost people-to-people ties.

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