New Delhi, May 9 -- India and Chile have signed the Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA) on May 8, 2025, marking a significant advancement in bilateral trade relations between the two nations.

The agreement was signed by H.E. Mr. Juan Angulo, Ambassador of Chile in India, and Vimal Anand, Joint Secretary at India's Department of Commerce and Chief Negotiator for the India-Chile CEPA.

Both countries reaffirmed their commitment to strengthening bilateral relations and expressed anticipation for productive discussions during the first round of negotiations scheduled for May 26-30, 2025, in New Delhi.

The proposed CEPA aims to expand upon the existing Preferential Trade Agreement (PTA) by incor...