Are India and Chile About to Finalize a Social Security Pact?
Synopsis
Key Takeaways
New Delhi, Jan 10 (NationPress) India and Chile are on the verge of finalising a social security agreement that aims to facilitate cross-border employment for professionals and promote increased investments between the nations, stated Chile’s Ambassador to India, Juan Angulo.
Formal negotiations regarding the Comprehensive Economic Partnership Agreement (CEPA) between India and Chile commenced in May 2025, with multiple rounds of discussions occurring since.
The fourth round of negotiations wrapped up in December 2025, while intersessional talks are presently ongoing to address outstanding issues ahead of the subsequent round.
In December of the previous year, the Commerce Ministry confirmed that both India and Chile reiterated their firm commitment to concluding the CEPA negotiations in a timely manner.
The ministry acknowledged the strategic importance of further enhancing bilateral economic relations.
“They highlighted that the conclusion of the CEPA would be crucial in amplifying bilateral trade, fortifying economic collaboration, improving market access, and generating fresh opportunities for businesses in both nations,” stated the ministry.
This marked the conclusion of the fourth round of negotiations for the India–Chile CEPA on December 9.
The third round of discussions took place in Santiago, Chile, from October 27-30.
Topics covered in the third round included a variety of chapters such as Trade in Goods and Services, Investment Promotion, Rules of Origin, Intellectual Property Rights, TBT/SPS measures, Economic Cooperation, and Critical Minerals.
The Ministry of External Affairs (MEA) expressed that India urged Chile to consider long-term agreements for the supply of mineral resources.
During the meeting, representatives from both countries concurred on the need to diversify bilateral relations in emerging areas of contemporary significance such as Digital Public Infrastructure, innovation, and green energy.
Last year, India also finalised a free trade agreement (FTA) with New Zealand, which is anticipated to provide New Zealanders with unprecedented access to 1.4 billion Indian consumers.
This landmark FTA abolishes and reduces tariffs on 95% of New Zealand's exports—one of the highest rates in any Indian FTA—with nearly 57% being duty-free from the outset, increasing to 82% upon full implementation, while the remaining 13% will see significant tariff reductions.