Chile and India will begin negotiations on a free trade agreement at the end of the year, Chilean Foreign Minister Alfredo Moreno in a television interview Tuesday.
Ministers from India and Chile Tuesday decided to expand the Preferential Trade Agreement (PTA) to increase trade between the two nations, informed ministry of commerce and industry.
The two countries have decided to expand cooperation to various fields, such as education, culture and renewable energy, through an enhanced trade pact.
"We lose two trillion won every year because we are importing that amount of agricultural products from other countries, in this case, the United States. That means, ten percent of the population--300,000 peasants--will be forced out of their businesses every year. That means the end to our agricultural base. So, the FTA is a system for the one percent of the people."
Chile's top trade official Rodrigo Contreras makes clear that intellectual property issues are at the forefront of his mind when he questions whether Chile should continue in the TPP.
The original FTA covered trade in goods and services, but did not include provisions on financial services. The amended agreement now includes a financial services chapter.
Canadian Prime Minister Stephen Harper secured the support Monday of Chilean President Sebastian Pinera for Canada’s bid to join talks on the Trans-Pacific Partnership (TPP).
Talks on the Trans-Pacific Partnership Agreement, which the US is negotiating with Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam are continuing this week (April 9-13) in Santiago, Chile in the form of an “intersessional meeting” on intellectual property – focusing on internet policy.