India and Chile have commenced negotiations for a comprehensive economic partnership agreement, emphasizing collaboration in critical minerals, agriculture, and defense. Prime Minister Modi and President Boric acknowledge their partnership’s potential across various sectors including digital infrastructure and renewable energy, as well as the importance of resolving global disputes through dialogue and reforms.
India and Chile have initiated talks for a comprehensive economic partnership agreement following a bilateral meeting with Chilean President Gabriel Boric Font and Indian Prime Minister Narendra Modi. Modi highlighted Chile’s strategic significance as the “gateway to Antarctica,” emphasizing a partnership focused on critical minerals and resilient supply chains.
In agriculture, both nations will collaborate to enhance food security by leveraging each other’s capabilities. Modi noted that the defense sector also exemplifies mutual trust, as both countries aim to develop defense industrial manufacturing and address shared concerns such as organized crime and terrorism.
Modi acknowledged Chile as a vital partner within Latin America and expressed India’s readiness to share expertise in digital public infrastructure, renewable energy, railways, and space. The signing of a Letter of Intent marks a formal commitment to cooperation in these domains, particularly due to Chile’s geographic position that facilitates Antarctic expeditions.
President Boric reflected on the long-standing relationship between the two countries, describing his visit as a landmark moment for consolidating seven decades of diplomatic ties. Discussions also focused on potential investment opportunities, with both leaders recognizing the need for further collaboration to increase trade and investment.
Modi reiterated the focus on agricultural cooperation and India’s willingness to share its successful experiences in various sectors. Furthermore, both nations stressed the importance of dialogue for resolving global disputes and underscored the necessity of reforms in international institutions like the United Nations.
Cultural ties were also highlighted, with Modi noting the rising popularity of Indian films in Chile as indicative of the acceptance of each other’s diversity. The joint statement indicated a desire for India to assist in training Chile’s military in areas of mutual interest.
In conclusion, the initiation of talks for a comprehensive economic partnership between India and Chile marks a significant development in their bilateral relationship. Emphasizing collaboration in critical minerals, agriculture, and defense, both nations are committed to enhancing trade and investment opportunities. Additionally, they aim to address global challenges through diplomatic dialogue while promoting cultural exchanges, signifying a deepening bond and shared objectives.
Original Source: indianexpress.com
