Overview

• Officials have confirmed that India will hold the second round of talks with Chile and the eighth round with Peru in August 2025.
• Chile discussions will advance a Comprehensive Economic Partnership Agreement to broaden the 2006 preferential trade framework and deepen sectoral ties.
• Peru negotiations will prioritize access to copper and rare earth elements as India seeks to diversify supply chains away from China.
• The proposed CEPAs aim to encompass digital services, micro, small and medium enterprises, investment promotion and critical minerals cooperation.
• In 2024-25, India’s imports from Chile rose 72% to USD 2.6 billion and from Peru jumped 60% to USD 4.98 billion while exports to both markets remained modest.