Prime Minister Modi Hosts Chilean President Gabriel Boric Font to Strengthen Bilateral Cooperation
India and Chile have decided to initiate negotiations on a Comprehensive Economic Partnership Agreement (CEPA) aimed at significantly boosting trade and economic collaboration between the two countries. The announcement came during a high-level meeting in New Delhi on Tuesday, as Prime Minister Narendra Modi hosted Chilean President Gabriel Boric Font for comprehensive discussions on bilateral ties.
President Boric is currently on a five-day official visit to India, aimed at enhancing cooperation across multiple sectors, notably trade and defence. During their meeting, the two leaders highlighted the importance of fostering stronger economic ties, with both agreeing to direct their respective teams to commence negotiations for a mutually beneficial CEPA.
Critical Minerals and Resilient Supply Chains Emphasized
Prime Minister Modi underlined the significance of collaboration in the critical minerals sector, indicating that both nations will explore potential partnerships in this strategic field. Additionally, the establishment of resilient supply and value chains was identified as a priority area, reflecting India's increasing focus on stable and sustainable economic engagements.
Chile as India's Gateway to Antarctica
Highlighting Chile's strategic importance, Modi described the South American nation as a key partner for India in Latin America. He further emphasized that New Delhi views Chile as its gateway to Antarctica, underscoring the potential for scientific and logistical cooperation between the two countries.
Collaboration Across Diverse Sectors
Modi also expressed India's readiness to share its expertise and positive experiences with Chile in several areas, including digital public infrastructure, renewable energy, railways, and space technology. These sectors represent significant opportunities for bilateral growth, as both countries aim to leverage each other's strengths for mutual benefit.
The meeting between Modi and Boric represents a notable step forward in India-Chile relations, highlighting a mutual commitment to expanding cooperation and enhancing their strategic partnership on the global stage.
