India and Chile are in talks to establish a Comprehensive Economic Partnership Agreement (CEPA) or Free Trade Agreement (FTA) that encompasses goods and services. The agreement will focus on various areas including energy, commerce facilitation, technology, innovation, and the environment. The discussions aim to advance the trade pact talks before the upcoming elections in India. Chile sees India as a significant player in the global economy and believes that there are numerous areas of collaboration between the two countries. The partnership would be mutually beneficial as India has a growing economy and Chile possesses resources like lithium that are in high demand for electric car production. The collaboration would also help diversify Chile's economic relations and reduce reliance on a single country. The trade pact expansion may include digital services and investment, among other priority areas. The final agreement will depend on the framework and comprehensive nature of the pact. The stability of India's trade policies is considered important for the trade relationship with Chile. The discussions are ongoing, and both countries are open to various possibilities for collaboration. [e51a11a9]
India and Chile are discussing the possibility of a Comprehensive Economic Partnership Agreement (CEPA) or Free Trade Agreement (FTA) that would include both goods and services. The focus of the agreement would be on issues such as energy, commerce facilitation, technology, innovation, and the environment. The two countries are exploring collaboration in areas such as lithium mining and mineral reserves. The discussions are aimed at advancing the trade pact talks before the upcoming elections in India. Chile sees India as a relevant player in the global economy and believes that there are many areas of collaboration between the two countries. The partnership would be beneficial for both countries, as India has a growing economy and Chile has resources like lithium that are in demand for producing electric cars. The collaboration would also help diversify Chile's economic relations and reduce reliance on a single country. The trade pact expansion could include digital services and investment, among other priority areas. The final agreement will depend on the framework and the comprehensive nature of the pact. The stability of India's trade policies is seen as important for the trade relationship with Chile. The discussions are ongoing, and both countries are open to various possibilities for collaboration. [e51a11a9]
Indonesia and Chile have initiated negotiations within the framework of the Indonesia-Chile-Comprehensive Economic Partnership Agreement (IC-CEPA), aimed at enhancing investment opportunities. Deputy Trade Minister Jerry Sambuaga signed the investment negotiation with Claudia Sanhueza, Deputy Minister of International Economic Relations of Chile, at the Trade Ministry auditorium in Jakarta on Thursday. The IC-CEPA was initially signed in 2017 by the then-Trade Minister Enggartiasto Lukita and the then-Foreign Affairs Minister of Chile. Indonesia's trade balance with Chile recorded a surplus of $139.2 million in 2023. Indonesia's exports to Chile in 2023 were valued at $312.6 million, while its imports from Chile amounted to $173.4 million. Bilateral trade volume reached $110.6 million in the first three months of 2024. The CEPA removes 89.6 percent of the tariff posts for Indonesian goods entering the Chilean market, marking Indonesia’s first bilateral free trade agreement with a Latin American country. [04e36abf]