India committed to conclude trade pact with Chile this year: Commerce Minister

New Delhi: India is committed to concluding the ongoing negotiations for a trade pact with South American nation Chile this year, the Department of Commerce said on Thursday.

Commerce Secretary Rajesh Agarwal is in Chile to review the progress of the negotiations.

Agrawal, in his meeting with Paula Estevez Weinstein, Vice-Minister of International Economic Relations of Chile, emphasised the need to build on the strong India-Chile relationship and ensure that the CEPA (Comprehensive Economic Partnership Agreement) translates shared ambitions into real opportunities for trade and investment.

“With bilateral trade growing steadily, India remains committed to concluding the negotiations within this year, with outcomes that are equitable, commercially meaningful and beneficial to businesses in both countries,” the department said in a social media post.