• 2 min de lectura
• 2 min de lectura
To continue the negotiation process of Chile's Comprehensive Economic Partnership Agreement (CEPA) with India, and with an emphasis on improving market access conditions, critical minerals, and other matters of interest, the Undersecretary of International Economic Relations, Paula Estévez, received a delegation led by India's Commerce Secretary, Rajesh Agrawal.
The meeting was scheduled with the objective of reviewing the progress of the negotiation and ensuring the continuity of the process. After the meeting, Estévez highlighted the occasion and described it as a priority in the country's market diversification strategy. "We value this visit as a demonstration of India's commitment to this negotiation, as it represents a market with great potential that will generate a positive impact on the diversification of our export offerings. We are moving forward to achieve a balanced agreement that provides the greatest mutual benefits, deepening and strengthening a strategic alliance for the future of our foreign trade policy," she stated.
The goal of both countries is to finalize the agreement negotiations before the end of the year. This visit follows the tour that Foreign Minister, Francisco Pérez Mackenna, and Undersecretary Estévez made to India in May, when they met with Minister of Commerce and Industry, Piyush Goyal, and Secretary Agrawal to advance the negotiation.
This Asian country currently has over 1.4 billion inhabitants and is the fifth-largest economy in the world, with projections to become the third by 2030. Its sustained growth, close to 7% annually, positions it as one of the most dynamic and promising markets for Chilean exports.
A potential agreement will generate concrete benefits for national exports in terms of access to this market, which currently enter India with an average tariff of 16.2%, a figure that reaches up to 36.7% in the case of agro-industrial products.
Furthermore, currently only 171 Chilean products are sent to that nation, representing merely 4.1% of the national export basket.
"An agreement will provide us with a notable improvement in access conditions to this market, the largest in the world and with an emerging middle class of over 400 million people. This is a very relevant step in our diversification strategy, a state policy that we are strongly pushing from day one and which gains even more relevance in the current international context," concluded Undersecretary Estévez.
