India-Chile to have BIPT soon; Deeper cooperation in defence, space and other sectors, says MEA

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In addition to the ongoing negotiations for the second round of expansion of Preferential Trade Agreement (PTA), India and Chile are soon going to ink a Bilateral Investment Protection Treaty. India and the South American nation Chile already has a Double Taxation Avoidance Agreement which was signed earlier this year in March and the two sides are already in the process of finalizing a date for the next round of talks for the expansion of the PTA, which was delayed due to global pandemic.

India has welcomed Chile’s decision to designate India as a priority country in its foreign policy, and its decision to opening Consulate General in Mumbai.Read more…


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