India and Chile have initiated negotiations for a comprehensive economic partnership agreement. The agreement aims to enhance cooperation in critical minerals, agriculture, and defense, while also addressing global challenges collaboratively. Both leaders underscored the importance of dialogue and investment opportunities between the two nations.
India and Chile have agreed to begin talks for a comprehensive economic partnership agreement, enhancing bilateral relations during Chilean President Gabriel Boric Font’s visit. Prime Minister Narendra Modi emphasized the importance of this partnership, particularly in critical minerals and establishing resilient supply and value chains.
In agriculture, both nations will collaborate to ensure food security by leveraging mutual capabilities. Defence cooperation will also deepen, as Modi highlighted the commitment to create manufacturing and supply chains tailored to each other’s needs, addressing common challenges like organized crime and terrorism.
Modi referred to Chile as a vital partner in Latin America, stating India’s readiness to share expertise in various sectors, including digital public infrastructure and renewable energy. He noted the significance of the newly signed Letter of Intent aimed at boosting cooperation related to Antarctica, given Chile’s geographic position.
Chilean President Boric remarked on the historical ties between the two countries, celebrating their seven-decade relationship, while Modi pointed out the untapped investment potential identified in their discussions. He reiterated the commitment to enhance trade and cooperation moving forward.
Both leaders agreed on the need for dialogue to resolve global tensions and for reforms in institutions like the United Nations Security Council to address shared challenges. The cultural exchange, exemplified by the growing influence of Indian films in Chile, reflects the nations’ mutual acceptance of diversity. The Indian delegation also expressed interest in training Chilean military personnel in relevant areas.
The recent agreement between India and Chile to launch negotiations for a comprehensive economic partnership marks a significant step in their bilateral relations. The collaboration will focus on agriculture, defence, and various industrial sectors, while both nations reiterate their commitment to resolving global conflicts through dialogue.
Original Source: indianexpress.com
