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India Doubles Down on Latin America Trade Deals with Peru, Chile

India has successfully concluded important trade negotiation rounds with both Peru and Chile. The discussions covered comprehensive areas including goods, services, and critical minerals cooperation. Both countries have expressed strong commitment to finalizing these agreements in a timely manner. These negotiations represent India's strategic push to deepen economic ties across Latin America.

Key Points: India Advances Trade Negotiations with Peru and Chile

  • Ninth round of India-Peru trade talks held in Lima with substantive progress across multiple chapters
  • Third round of India-Chile CEPA negotiations concluded in Santiago covering wide-ranging economic areas
  • Both sides committed to time-bound conclusion of agreements to enhance market access
  • Focus on critical minerals cooperation and strengthening supply chain resilience
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India doubles down on trade negotiations with Peru, Chile

India concludes key trade negotiation rounds with Peru and Chile, focusing on critical minerals, market access, and economic integration in Latin America.

"The agreement would create new opportunities for cooperation in areas such as critical minerals, pharmaceuticals, automobiles, textiles and food processing. - Vishvas Vidu Sapkal, Ambassador of India to Peru"

New Delhi, Nov 6

The government on Thursday said it has successfully concluded two key rounds of trade negotiations with partner countries in Latin America, underscoring the commitment to expanding economic cooperation and deepening trade linkages with the region.

According to a Commerce Ministry statement, the ninth round of India-Peru Trade Agreement negotiations was held in Lima, Peru, from November 3-5.

The discussions witnessed substantive progress across key chapters of the proposed Agreement including Trade in Goods and Services, Rules of Origin, Technical Barriers to Trade, Customs Procedures, Dispute Settlement, and Critical Minerals.

Teresa Stella Mera Gomez, Minister of Foreign Trade and Tourism of Peru, reaffirmed Peru's commitment to the timely conclusion of the negotiations, highlighting the complementarity between both economies and expressing optimism that the Agreement will enhance trade and investment flows.

Vishvas Vidu Sapkal, Ambassador of India to Peru, underlined India's sustained growth momentum and noted that the agreement would create new opportunities for cooperation in areas such as critical minerals, pharmaceuticals, automobiles, textiles and food processing.

Both sides agreed to hold inter-sessional meetings to address pending issues ahead of the next round of negotiations proposed to be held in New Delhi in January 2026, the official statement said.

Earlier, the third round of India-Chile Comprehensive Economic Partnership Agreement (CEPA) negotiations was held in Santiago, Chile, from October 27-30.

"Discussions covered a wide range of chapters including Trade in Goods and Services, Investment Promotion, Rules of Origin, Intellectual Property Rights, TBT/ SPS measures, Economic Cooperation and Critical Minerals," said the ministry.

Both sides reaffirmed their shared commitment to an early and time-bound conclusion of the CEPA negotiations, which aim to enhance market access, strengthen supply chain resilience and deepen economic integration.

"India's growing trade engagement with Peru and Chile reflects its strategic focus on building stronger partnerships with the Latin American region through mutually beneficial and comprehensive economic cooperation frameworks," said the ministry.

- IANS

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Reader Comments

R
Rohit P
Critical minerals access is crucial for our EV and renewable energy sectors. Smart move by the government to prioritize this in negotiations. Hope we get favorable terms!
A
Ananya R
While I appreciate the trade expansion, I hope our negotiators ensure proper protection for our small and medium enterprises. Sometimes these agreements benefit only big corporations.
V
Vikram M
Chile and Peru are key copper producers - this could help stabilize our manufacturing supply chains. Good strategic thinking by our diplomats and trade officials.
S
Sarah B
As someone working in the automotive sector, I'm excited about potential market access in Latin America. Our cars and auto components have good competitive advantage there.
K
Karthik V
January 2026 seems quite far for the next round. Hope they maintain the momentum and don't let bureaucracy slow things down. Time is money in international trade!

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