LatinNews Daily - 2 April 2025

*Chile’s President Gabriel Boric and India’s Prime Minister Narendra Modi have announced that their countries have begun negotiations for a comprehensive economic partnership agreement (Cepa), which will formalise the commitment to work collaboratively to strengthen the bilateral economic relationship. This will build on the India-Chile preferential trade agreement, which was signed in May 2017. “At a time when countries threaten unilateral tariffs, the diversification of Chile’s economy is essential,” said Boric in a joint press conference with Modi, in reference to US President Donald Trump’s tariff threats. The announcement was made as part of Boric’s official state visit to India, which will last until 5 April and has seen him meet with Modi and President Droupadi Murmu. During their meeting, Boric and Modi recognised the strategic importance of critical minerals for emerging technologies, advanced manufacturing, and clean energy transitions. They agreed to accelerate collaboration in exploration, mining, and processing along with research and development to promote investment across the entire critical mineral value chain for mutual benefit. As part of this focus, Chile’s state-run copper giant Codelco agreed to supply copper concentrate to a smelter owned by India’s Adani Group, as well as signing a memorandum of understanding (MoU) with state copper company Hindustan Copper for cooperation and information exchange.

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