In 2003 Chile accepted a proposal from India to negotiate a Partial Scope Agreement (PSA). Initial work began in 2004, and in that year draft texts were prepared. On 20 January 2005, Chile and India signed a Framework Agreement to Promote Economic Cooperation, aimed at promoting the expansion of trade and providing the conditions and mechanisms for the negotiation of a free trade agreement, and the launch of negotiations towards a limited scope Preferential Trade Agreement (PTA) in 2005 were announced. The Parties also agreed to establish a Joint Study Group to make recommendations regarding moving towards a Free Trade Agreement or a Comprehensive Economic Cooperation Agreement, if such an arrangement were found to be feasible.
After four rounds of negotiations Chile and India concluded a Preferential Trade Agreement on 23 November 2005. The Chile-India
preferential trade agreement was signed on 08 March 2006.
In January 2010, both countries agreed to deepen the PTA with a view to a much broader agreement. A second meeting to deepen the agreement took place in New Delhi on 05-06 August 2010. The third meeting was held in Santiago on 05 July 2011. The fourth meeting took place on 02-03 February 2012, in New Delhi. Negotiations for the deepening of the PTA concluded on 20 October 2014, in New Delhi.
On 21 April 2016, the Indian Government approved the broadening of the Partial Scope Agreement (PSA) with Chile. Chile and India sign agreement broadening their Partial Scope Agreement on September 6, 2016.
relating to the update of the agrement
|06 September 2016
||Chile and India sign agreement broadening Partial Scope Agreement
|21 April 2016
||India approves broadening of the Partial Scope Agreement (PSA) with Chile
|20 October 2014
||New Delhi, India. Negotiations were finalized for the deepening of the trade agreement
|02-03 February 2012
||New Delhi, India. Fourth meeting to deepen Preferential Trade Agreement between Chile and India
|05 July 2011
||Santiago, Chile. Third meeting to deepen Preferential Trade Agreement between Chile and India
|05-06 August 2010
||new Delhi, India. Second meeting to deepen Preferential Trade Agreement between Chile and India
|29 January 2010
||Chile and India agree to deepen Preferential Trade Agreement