Chile: The Pacific Gateway

India and Chile share a relationship based on common interests in the Pacific region, trade, and multilateral cooperation.

1. Trade, Investment & Strategic Cooperation

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Trade, Investment & Strategic Cooperation

Trade, Investment & Strategic Cooperation

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Analyze key facts and concepts related to Trade, Investment & Strategic Cooperation.

Preferential to CEPA: India and Chile have a functional Preferential Trade Agreement (PTA, expanded in 2017). During the April 2025 State visit of Chilean President Gabriel Boric Font to India, both countries launched negotiations for a full Comprehensive Economic Partnership Agreement (CEPA). Bilateral Trade: Trade volume grew significantly, reaching USD 5.38 Billion in 2025 (up from USD 3.84 Billion in 2024), making Chile a key trade hub in the LAC region. Critical Minerals (KABIL): Sourcing copper and lithium reserves through joint ventures via KABIL (Khanij Bidesh India Ltd) to secure India's battery manufacturing and green transition needs. Diplomatic Missions (2026): In March 2026, India's MoS for External Affairs attended the inauguration of Chile's President José Antonio Kast Rist, reinforcing cooperation on Digital Public Infrastructure (DPI), space exploration, and railway infrastructure. UNSC Support: Chile officially reiterates its support for India's claim to a permanent seat in an expanded UN Security Council. Status: A "Special Territory" of Chile located in the Southeastern Pacific Ocean. Cultural Heritage: Famous for nearly 1,000 Moai statues (monolithic human figures) carved by the Rapa Nui people. Geography: A volcanic island consisting of three extinct volcanoes. Climate Conflict: Recent news highlighted the threat posed by climate change-driven rising sea levels, with projections suggesting parts of the island could submerge by 2080. Climate Type: Subtropical maritime climate.

2. Conclusion

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Conclusion

Conclusion

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Analyze key facts and concepts related to Conclusion.	Chile is a key point in India's "Indo-Pacific to Latin America" link. Success lies in securing the "Critical Mineral supply chain" for the energy transition.