New Delhi: India has successfully concluded two significant rounds of trade negotiations with Latin American partners, reinforcing its commitment to expanding economic cooperation and deepening trade linkages with the region.
The 9th round of India-Peru Trade Agreement negotiations took place in Lima from 3 to 5 November, 2025. The talks saw substantial progress on 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.
The closing ceremony was attended by Teresa Stella Mera Gómez, Peru’s minister of foreign trade and tourism, and César Augusto Llona Silva, vice minister of foreign trade, alongside senior officials. Representing India were Vishvas Vidu Sapkal, ambassador of India to Peru, and a delegation led by Vimal Anand, joint secretary and chief negotiator.
Gómez highlighted the complementarity of the two economies and expressed optimism that the agreement would boost trade and investment flows. Sapkal emphasized India’s sustained economic growth and noted that the agreement would create new opportunities for cooperation in sectors such as critical minerals, pharmaceuticals, automobiles, textiles and food processing. Both sides agreed to hold inter-sessional meetings to resolve pending issues ahead of the next round, scheduled in New Delhi in January 2026.
Earlier, the 3rd Round of India-Chile Comprehensive Economic Partnership Agreement (CEPA) negotiations was held in Santiago from 27 to 30 October, 2025. The discussions covered trade in goods and services, investment promotion, rules of origin, intellectual property rights, TBT/SPS measures, economic cooperation, and critical minerals. Both countries reaffirmed their commitment to concluding the CEPA negotiations in a timely manner, aiming to enhance market access, strengthen supply chain resilience, and deepen economic integration.
India’s growing trade engagement with Peru and Chile underscores its strategic focus on strengthening partnerships in Latin America through mutually beneficial economic cooperation frameworks.