Overview
- Five-day negotiations with Chile begin October 27 in Santiago, followed by three days of Peru talks from November 3 to 5 in Lima.
- The Chile engagement is the second round toward a CEPA that would expand the 2006 PTA to include digital services, investment, MSME cooperation and critical minerals.
- The Peru negotiations resume after a pause of more than 18 months, with the upcoming session constituting the eighth round of FTA talks.
- Official 2024–25 data show exports to Chile at $1.15 billion (down 2.46%) and imports at $2.60 billion (up 72%), while exports to Peru were about $1.0 billion (up roughly 9%) and imports $4.98 billion (up 60%).
- Trade profiles underline India’s demand for copper and gold from Chile and Peru, while automobiles, motorcycles and pharmaceuticals feature prominently in its exports.