31 August 2026

India-Chile trade agreement negotiations

The initiation of formal negotiations for a Comprehensive Economic Partnership Agreement (CEPA) between India and Chile constitutes a significant bilateral trade development that is directly relevant to UPSC syllabus topics on international economic agreements.

Questions

1. Analyze the significance of the proposed India-Chile Comprehensive Economic Partnership Agreement (CEPA) in the context of India's engagement with the Global South. 150 words
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2. India's trade strategy is increasingly focusing on Latin American markets. Discuss the economic potential and strategic challenges in deepening trade ties with countries like Chile, particularly in the sectors of critical minerals and pharmaceuticals. 250 words
   Attempt this — 250 words in 11 min

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Prelims

1. Which of the following best describes the current status of the India-Chile trade relationship as of August 2025?

   1. A Negotiations for a Comprehensive Economic Partnership Agreement (CEPA) are ongoing.
   2. B India and Chile have signed a Memorandum of Understanding to eliminate all import tariffs.
   3. C Trade relations have been suspended due to a significant trade deficit.
   4. D A fully implemented Free Trade Agreement is currently in force.