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India is upgrading trade ties with Chile and Peru, focusing on digital services, investment, and critical minerals.
India is holding trade talks with Chile and Peru this fall to upgrade their 2006 preferential trade agreements into comprehensive economic partnerships, focusing on digital services, investment, MSMEs, and critical minerals.
Chile remains India’s fifth-largest trading partner in Latin America, with modest trade in 2024–25 despite a 2.46% drop in Indian exports to $1.15 billion and a 72% surge in imports.
Peru is India’s third-largest LAC partner, with exports up 9% to $1 billion and imports soaring 60% to $4.98 billion.
Key exports include automobiles, pharmaceuticals, motorcycles, and steel; major imports are gold, copper, and agricultural products.
La India está mejorando los lazos comerciales con Chile y Perú, centrándose en servicios digitales, inversiones y minerales críticos.