India has concluded trade negotiations with Peru and Chile, signalling a push to deepen economic engagement with Latin America and strengthen supply chain links, the commerce ministry said in a statement on Thursday.
The ninth round of talks on the proposed India–Peru Trade Agreement took place in Lima from November 3–5, with discussions covering trade in goods and services, rules of origin, customs procedures, technical barriers to trade, dispute settlement, and critical minerals, according to the ministry.
Peru’s Trade Minister Teresa Stella Mera Gómez said the two economies complemented each other and called for the timely conclusion of the deal. The Indian side was represented by Vishvas Vidu Sapkal, Ambassador of India to Peru, and a delegation led by Vimal Anand, Joint Secretary and Chief Negotiator.
Sapkal underlined India’s sustained growth momentum and noted that the agreement would create new opportunities for cooperation in areas such as critical minerals, pharmaceuticals, automobiles, textiles and food processing.
The next round of talks is expected in New Delhi in January 2026.
Earlier, the third round of India–Chile Comprehensive Economic Partnership Agreement (CEPA) negotiations took place in Santiago from October 27–30, covering trade in goods and services, investment, intellectual property, and sanitary and phytosanitary measures.
Both sides pledged to work toward an early conclusion of the CEPA, which seeks to enhance market access and deepen economic integration.
India’s outreach to Peru and Chile highlights New Delhi’s broader strategy to diversify trade partnerships and expand its footprint in Latin America.