+
Chilean Foreign Minister aims to boost trade treaty with India
ECONOMY & POLICY

Chilean Foreign Minister aims to boost trade treaty with India

Chilean Foreign Minister Alberto Van Klaveren recently described India as a "very important partner" for Chile and expressed hope to advance bilateral relations towards a Comprehensive Economic Partnership Agreement (CEPA). 

Klaveren, who arrived in India on Tuesday for a two-day official visit, participated in the second India-Chile Joint Commission Meeting, co-chaired by Indian External Affairs Minister S Jaishankar.

India is considered a key partner for Chile in the Latin American region. According to the Ministry of External Affairs, Klaveren's visit provides an opportunity for both countries to review the progress in their bilateral relations and explore new avenues for cooperation, thereby further strengthening their ties.

In an interview with ANI, Klaveren noted that India is a very important partner for Chile, highlighting India's growth, culture, and civilization as aspects that Chile admires. He also emphasized the potential to expand and strengthen ties with India in both economic and political terms.

Ahead of the India-Chile Joint Commission Meeting, Klaveren expressed hope for strengthening mutual relations. Regarding the CEPA negotiations, he mentioned that one of Chile's objectives with India is to move towards establishing a CEPA agreement. He stated that the necessary studies and analysis of terms of reference have already been conducted, and he hopes the next step will be the initiation of negotiations. Although he acknowledged that the process might take time, he expressed confidence in a successful outcome.

Chile's trade in 2023 is estimated at $2,847 billion. Last year, India was the 16th largest destination for Chile's non-copper and non-lithium exports, amounting to $560 million, with 30 per cent of this figure related to food exports. Chile was also the first nation to sign a Partial Scope Agreement (PSA) with India, which has been in force since 2007 and was extended in 2017.

Chilean Foreign Minister Alberto Van Klaveren recently described India as a very important partner for Chile and expressed hope to advance bilateral relations towards a Comprehensive Economic Partnership Agreement (CEPA). Klaveren, who arrived in India on Tuesday for a two-day official visit, participated in the second India-Chile Joint Commission Meeting, co-chaired by Indian External Affairs Minister S Jaishankar.India is considered a key partner for Chile in the Latin American region. According to the Ministry of External Affairs, Klaveren's visit provides an opportunity for both countries to review the progress in their bilateral relations and explore new avenues for cooperation, thereby further strengthening their ties.In an interview with ANI, Klaveren noted that India is a very important partner for Chile, highlighting India's growth, culture, and civilization as aspects that Chile admires. He also emphasized the potential to expand and strengthen ties with India in both economic and political terms.Ahead of the India-Chile Joint Commission Meeting, Klaveren expressed hope for strengthening mutual relations. Regarding the CEPA negotiations, he mentioned that one of Chile's objectives with India is to move towards establishing a CEPA agreement. He stated that the necessary studies and analysis of terms of reference have already been conducted, and he hopes the next step will be the initiation of negotiations. Although he acknowledged that the process might take time, he expressed confidence in a successful outcome.Chile's trade in 2023 is estimated at $2,847 billion. Last year, India was the 16th largest destination for Chile's non-copper and non-lithium exports, amounting to $560 million, with 30 per cent of this figure related to food exports. Chile was also the first nation to sign a Partial Scope Agreement (PSA) with India, which has been in force since 2007 and was extended in 2017.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?