India has made “substantive progress” in its free trade agreement (FTAs) negotiations with Peru and Chile which seek to create new opportunities for cooperation in areas such as critical minerals, pharmaceuticals, automobiles, textiles and food processing, the government has said.

India’s negotiating team, which visited Chile and Peru between October 27 and November 5, took forward discussions on key issues in the areas of goods, services, investments and critical minerals cooperation setting the roadmap for concluding the talks.

“India’s growing trade engagement with Peru and Chile reflects its strategic focus on building stronger partnerships with the Latin American region through mutually beneficial and comprehensive economic cooperation frameworks,” per a statement issued by the Comm

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