Chile and India have a trade agreement that provides preferential access to a wide range of products in both markets. The agreement entered into force in 2007, and its coverage was expanded in 2017. The two countries are now preparing to launch the next round of negotiations to sign a Comprehensive Economic Partnership Agreement (CEPA), which is expected to further deepen their economic ties.
Once concluded, the new agreement would facilitate market access for both countries by incorporating new sectors and disciplines. Among the areas targeted for expanded preferential coverage are services, the digital sector, and critical minerals. The agreement is also expected to address issues related to investment promotion and cooperation, as well as the internationalization of MSMEs (micro, small and medium-sized enterprises).
Regarding bilateral trade, Chile’s exports to India declined between 2015 and 2020. However, they resumed a growth trajectory between 2020 and 2024, increasing from USD 812.2 million to USD 2.5 billion. Imports, meanwhile, rose from USD 687.1 million in 2015 to USD 1.2 billion in 2024, representing a growth of 81%.
