New Delhi, Nov 6 (NationPress) The Indian government announced on Thursday that it has successfully wrapped up two significant rounds of trade negotiations with its Latin American partners, highlighting its dedication to enhancing economic collaboration and strengthening trade ties within the region.

As per a statement from the Commerce Ministry, the ninth round of negotiations for the India–Peru Trade Agreement took place in Lima, Peru, from November 3-5.

The discussions achieved meaningful advancements across several critical chapters of the proposed agreement, including Trade in Goods and Services, Rules of Origin, Technical Barriers to Trade, Customs Procedures, Dispute Settlement, and Critical Minerals.

Teresa Stella Mera Gomez, Peru's Minister of Foreign Trade and Tourism, reiterated Peru's commitment to finalizing negotiations promptly, emphasizing the economic complementarity between both nations and expressing hope that the agreement will bolster trade and investment.

Vishvas Vidu Sapkal, India's Ambassador to Peru, emphasized India's continued growth trajectory and noted that this agreement would open new avenues for collaboration in sectors such as critical minerals, pharmaceuticals, automobiles, textiles, and food processing.

Both parties agreed to conduct inter-sessional meetings to resolve outstanding issues ahead of the next round of negotiations, scheduled to take place in New Delhi in January 2026, according to the official declaration.

Previously, the third round of negotiations for the India–Chile Comprehensive Economic Partnership Agreement (CEPA) was conducted in Santiago, Chile, from October 27-30.

"The discussions addressed a broad array of chapters, including Trade in Goods and Services, Investment Promotion, Rules of Origin, Intellectual Property Rights, TBT/SPS measures, Economic Cooperation, and Critical Minerals," the ministry stated.

Both sides reiterated their mutual commitment to achieving a swift and timely conclusion to the CEPA negotiations, which seek to improve market access, enhance supply chain resilience, and deepen economic integration.

According to the ministry, "India's increasing trade engagement with Peru and Chile reflects its strategic emphasis on forging stronger alliances with the Latin American region through mutually beneficial and comprehensive economic cooperation frameworks."