(MENAFN- KNN India) New Delhi, Nov 6 (KNN) India has concluded two significant rounds of trade negotiations with Latin American partners, reinforcing its strategy to broaden economic cooperation and strengthen trade ties in the region.

The ninth round of India–Peru Trade Agreement negotiations was held in Lima from November 3–5, 2025, registering progress across key chapters, including trade in goods and services, rules of origin, technical barriers to trade, customs procedures, dispute settlement and critical minerals.

Peru's Foreign Trade and Tourism Minister Teresa Stella Mera Gómez reiterated Peru's commitment to concluding the agreement in a timely manner, noting the synergies between both economies.

Vishvas Vidu Sapkal, Ambassador, India, highlighted India's growth trajectory and emphasised opportunities for cooperation in sectors such as critical minerals, pharmaceuticals, automobiles, textiles and food processing.

Both sides agreed to hold intersessional discussions ahead of the next negotiating round in New Delhi in January 2026.

Separately, the third round of India–Chile Comprehensive Economic Partnership Agreement (CEPA) talks took place in Santiago from October 27–30, 2025.

Negotiations addressed trade in goods and services, investment, rules of origin, intellectual property, SPS/TBT measures, economic cooperation and critical minerals.

Both countries reaffirmed their commitment to a timely conclusion of the CEPA to expand market access, strengthen supply chains and deepen economic engagement.

India's ongoing negotiations with Peru and Chile reflect its broader objective of building durable, mutually beneficial partnerships in Latin America through comprehensive trade frameworks.

(KNN Bureau)

MENAFN06112025000155011030ID1110306929