With the fourth round of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) concluding last week in New Delhi, government sources have told CNBC-TV18 that India has shared its market-access offers with Chile, and that the trade talks are expected to take time.

Sources said critical minerals will remain a key pillar of the potential trade deal. The talks were described as “constructive and solution-oriented” by a government official, who added that substantial progress has been made across the chapters under discussion. Broad convergence has been reached on key textual elements and pending proposals, with most chapters now nearing conclusion.

On December 1, India’s Commerce Ministry had indicated that several chapters were already close to closure ahead of the five-day

See Full Page