New Expansion Of Trade Agreement Between India & Chile In Final Stage

By Author: Varun Pratap Singh
Total Articles: 40
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Among Latin American countries, Chile is one of the largest trading partners of India. India’s bilateral trade with Chile stood at USD 2.22 billion in 2018–19.

Negotiations for further expansion of a preferential trade agreement (PTA) between India and Chile are in the final stages and both the countries would include about 400 more products under the pact with an aim to boost economic ties, an official said. The two countries had signed a preferential trade agreement on March 8, 2006, and it came into force from August 2007. In 2016, they expanded the scope of the agreement by including more products. Currently about 2,000 goods are covered under the pact.

Chile Import Data gives highly informative information about custom shipments from Chile to World and World to Chile, which makes it extremely competitive advantage tool to study global market. Chile Import Database helps to create new buyers and suppliers from Chile & All over the world.
In a PTA, two trading partners significantly reduce or eliminate import duties on certain goods traded between them.
“The talks for the second expansion ...
... of the agreement are in final stages. About 400 more goods would be covered under the pact,” the official said.
Goods like lithium and copper ores could come under the ambit of the pact among other key items, the official added.

India’s exports to Chile Trade Data include transport equipment, pharmaceuticals, yarn of polyester fibers, tyres and tubes, manufacture of metals, articles of apparel, organic/inorganic and agro chemicals, textiles, readymade garments, plastic goods, leather products, engineering goods, imitation jewellery, sports goods and handicraft.

Contents of Chile Import Database
Chile Import Data contains: Shipment Date, Shipping No., HS Code, Product Description, Quantity, Weight, Price list of products, Units, Rate in USD, Chile Importer Name, Importer Address, Foreign Exporter Name, Address, Foreign Port, Foreign Country, Port name, Mode, Month, and Year. (Names available as per custom notification). Chile import data is characterized by a free, dynamic, and highly competitive market and is one of the pillars of Latin America countries. Chile With a GDP per capita of $16,965, the country best known for its copper mining relies on importation in many sectors like beef and poultry. Chile is considered one of the most developed countries in Latin America, in a group with Mexico, Chile exports food country like India, Australia, Brazil & Japan. With an economy based on various heavy industries, Chile is placed 47th in a top of the importers of the world.

Major items of import from Chile are copper ore and concentrates, iodine, copper anodes, copper cathodes, molybdenum ores and concentrates, lithium carbonates, metal scrap, chemicals, pulp and wastepaper, fruits and nuts excluding cashews, fertilizers and machinery.
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