India and Chile have initiated talks for a comprehensive economic partnership agreement, focusing on critical minerals, agriculture, and defense cooperation. The discussions underscored mutual interests in trade, investment, and cultural exchange, marking a positive trajectory in their bilateral relations.
On April 2, 2025, India and Chile commenced negotiations for a comprehensive economic partnership agreement. During a bilateral meeting with Chilean President Gabriel Boric Font, Indian Prime Minister Narendra Modi emphasized Chile’s significance as the “gateway to Antarctica.” Modi stated, “Today we have instructed our teams to begin discussions on a mutually beneficial comprehensive economic partnership agreement.”
Prime Minister Modi outlined key areas of collaboration, including the enhancement of supply chains for critical minerals and efforts to ensure food security through agricultural cooperation. He stated, “Cooperation will be done to ensure food security by combining each other’s capabilities in the field of agriculture.”
Highlighting the growing defense relations, Modi remarked, “The growing cooperation in the field of defence is a symbol of our deep mutual trust.” He asserted the need to develop defense industrial manufacturing according to mutual requirements and strengthen collaboration against organized crime, drug trafficking, and terrorism.
The Indian Prime Minister reiterated Chile’s importance in Latin America, affirming that India is prepared to share its advancements in Digital Public Infrastructure, Renewable Energy, Railways, and Space with Chile. He noted, “We welcome the agreement reached today on the Letter of Intent.”
Additionally, President Boric referred to the historical bonds between India and Chile, stating, “Today, we have come to consolidate the seven decades of our relation with India.” He highlighted the significance of his visit, being the third president to do so in 16 years.
During discussions, Modi and Boric identified substantial untapped potential in investment. Modi stated, “We agree that there is also untapped potential for more cooperation in this,” pointing to further initiatives for mutual economic growth.
On the international stage, both nations concurred that disputes should be resolved through dialogue and called for reforms in the United Nations Security Council to address global challenges. Modi noted the cultural exchanges between their nations, particularly the influence of Indian films in Chile.
In summary, the two countries expressed mutual intent to foster collaboration on various levels, including military training, signaling a robust commitment to bolster their multifaceted relationship.
In conclusion, the discussions between India and Chile mark a significant step towards establishing a strategic economic partnership. The agreement emphasizes collaboration in agriculture, defense, and critical minerals, while also addressing global challenges through dialogue. Both nations are poised to leverage their relationship to enhance trade, investment, and cultural exchanges, thereby underscoring a commitment to mutual growth and stability.
Original Source: indianexpress.com
