India, May 9 -- India and Chile signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA) on 08 May 2025, marking a significant advancement in their bilateral trade relations.

The mutually agreed ToR were duly signed by H.E. Mr. Juan Angulo, Ambassador of Chile in India and Shri Vimal Anand, Joint Secretary, Department of Commerce, Ministry of Commerce & Industry, Government of India, also the Chief Negotiator for India-Chile CEPA from the Indian side.

Both sides reiterated their shared vision for strengthening bilateral relations and look forward to fruitful discussion during the first round scheduled for 26-30th May, 2025 in New Delhi.

The CEPA aims to build upon the existing PTA between the two nati...