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India, Chile to enhance cooperation in trade, investment, pharma, technology

The two sides expressed satisfaction at the progress in the ongoing negotiations for a Comprehensive Economic Partnership Agreement between the two countries

With an aim of strengthening cross-border relations, India and Chile have agreed to enhance cooperation in trade, investment, health and pharmaceuticals, science and technology, and other sectors. The Ministry of External Affairs has said that Minister of State for External Affairs Kirti Vardhan Singh visited Chile from March 10-12, and represented the Government of India at the inauguration ceremony of new President of Chile, Jose Antonio Kast Rist.

During the visit, Singh held a bilateral meeting with President Kast, and also interacted with outgoing president, Gabriel Boric Font. During these meetings, the two sides agreed to further strengthen cooperation in key areas including trade, investment, health and pharmaceuticals, traditional medicines, science and technology, mining and mineral exploration, education, space, agriculture and people to people exchanges.

The two sides also expressed satisfaction at the progress in the ongoing negotiations for a Comprehensive Economic Partnership Agreement between the two countries. They also agreed to diversify bilateral ties in new and emerging areas of contemporary relevance such as digital public infrastructure, innovation and green energy. Meanwhile, the bilateral trade between India and Chile is modest. In 2024-25, India's exports to Chile were down 2.46% to just $1.15 billion. Imports, however, grew 72% to $2.60 billion.