1. Home >
  2. Exim >
  3. India Chile Free Trade Agreement. India Chile Foreign Trade Agreement.

Online Export Import Data Search

Complete Training Video : Click Here

India Chile Free Trade Agreement.


The Republic of Chile and the Republic of India (herein

After jointly referred to as the “Parties” and in the singular as a “Party”); Resolved to promote reciprocal trade and investment through the establishment of clear and mutually advantageous trade rules and the avoidance of trade and investment barriers; Reaffirming the rights, obligations and undertakings of the respective Parties under the World Trade Organization (WTO) and other multilateral, regional and bilateral agreements and arrangements; Recognizing that regional trade agreements can contribute towards accelerating regional and global liberalization and as building blocks within the framework of the multilateral trading system; Considering that the process of economic integration includes not only gradual and reciprocal trade liberalization but also the strengthening of greater economic cooperation between them;

HEREBY AGREE as follows:

Article 1 of India Chile Free Trade Agreement

The aim of this Framework Agreement is to strengthen relations between the Parties, to promote the expansion of trade and to provide the conditions and mechanisms to negotiate a Free Trade Agreement in conformity with the rules and disciplines of the WTO and in accordance with the provisions of Article 4 of this Framework Agreement.

Article 2 of India Chile Free Trade Agreement

  1.  As a first step towards the objective referred to in Article 1, the Parties agree to conclude in 2005 a limited scope Free Trade or Preferential Trade Agreement (PTA), aimed at increasing bilateral trade through the granting of preferential access to their respective markets by means of mutual concessions.
  2. The Parties further agree to undertake periodic negotiations with a view to expanding the scope of the PTA.

Article 3 of India Chile Free Trade Agreement

  1. In order to achieve the aim set out in Article 2, the Parties agree to set up a Negotiating Committee which shall be headed by the Director General of International Economic Affairs or his representative for the Republic of Chile and by the Secretary of Commerce or his representative for the Republic of India. The other members of the Negotiating Committee shall be decided by the respective Parties.
  2. The Negotiating Committee shall establish a schedule of work for the negotiations.
  3. The Negotiating Committee shall meet as often as the Parties agree.
  4. With a view to negotiate and conclude a PTA, the Negotiating Committee shall serve as the forum to:
    1. Exchange information on tariff applied by each Party;
    2. Exchange information on bilateral trade, trade with third parties as well as on their respective trade policies;
    3. Exchange information on market access and non-tariff measures; sanitary and phytosanitary measures, technical regulations, rules of origin, safeguard, anti-dumping and countervailing measures; special customs regimes and dispute settlement, among other matters;
    4. Identify and propose measures relating to trade facilitation;
    5. Carry out other tasks as determined by the Parties.

Article 4 of India Chile Free Trade Agreement

  1. In order to achieve the aim set out in Article 1, the Parties agree to set up a Joint Study Group (JSG) which shall be headed by the Director General of International Economic Affairs or his representative for the Republic of Chile and by the Secretary of Commerce or his representative for the Republic of India. The other members of the JSG shall be decided by the respective Parties.
  2. The objectives of the JSG shall include:
    1.  To study the present status of commercial and economic exchanges between India and Chile, and the existing institutional framework, infrastructure and mechanisms for bilateral trade;
    2. To identify potential for cooperation between the growing economies of the two countries in:
      1. a. trade in goods;
      2.  trade in services;
      3. investment; and
      4. other areas of economic cooperation
    3. To identify priority areas for closer cooperation;
    4. To identify constraints, barriers and impediments to closer cooperation, and recommend measures to remove these constraints;
    5.  To make recommendations regarding moving towards a Free Trade Agreement (FTA) / Comprehensive Economic Cooperation Agreement (CECA), if such an arrangement is found to be feasible.

Article 5

In order to broaden reciprocal knowledge about trade and investment opportunities, the Parties shall encourage trade promotion activities such as seminars, trade missions, fairs, symposia and exhibitions.

Article 6

The Parties shall promote the development of joint activities aimed at the implementation of joint projects in mutually agreed areas by means of information exchange, training programmed and technical missions.

Article 7

The Parties agree to cooperate in promoting a closer relationship among their relevant organizations in the areas of customs, plant and animal health, technical standards and regulations, food safety, mutual recognition of sanitary and phytosanitary measures, including through equivalence agreements in accordance with relevant international criteria.

Article 8

  1. 1. This Framework Agreement shall enter into force thirty days after the Parties have notified formally in writing through diplomatic channels, the completion of the internal procedures necessary to that effect.
  2. This Framework Agreement shall remain in force, unless terminated by either Party by giving six months written notice in advance through the diplomatic channel of its intention to terminate it.
  3. This Framework Agreement may be amended by mutual consent of the Parties by an exchange of Notes through diplomatic channels.

Article 9

Any dispute between the Parties arising out of the interpretation or implementation of this Framework Agreement shall be settled amicably through consultation or negotiation between the Parties. Done in the city of New Delhi on the 20th January 2005 in two copies in the Spanish, English and Hindi languages, all texts being equally authentic. In case of any inconsistency, the English text shall prevail.

For the Republic of India    For the Republic of Chile

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 16-02-2019
Notification No.05/2019-Customs
seeks to insert tariff item 9806 00 00 in chapter 98 of the First schedule to Customs tariff act, 1975 to impose basic customs duty of 200% on all goods originating in or exported from Pakistan.

Date: 15-02-2019
Notification No. 10/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver- Reg.

Date: 15-02-2019
Notification No.11/2019 - Customs (N.T.)
Exchange Rates Notification No.11/2019-Custom(NT) dated 15.02.2019.

Date: 08-02-2019
Notification No. 8/2019 – Central Tax
Seeks to extend the due date for furnishing of FORM GSTR – 7 for the month of January, 2019 till 28.02.2019

Date: 07-02-2019
Notification No.09/2019 - Customs (N.T.)
Exchange Rates Notification No.09/2019-Custom(NT) dated 07.02.2019.

Date: 07-02-2019
Notification No. 4 /2019- Customs
Seeks to further amend Notification No. 08/2016- customs dated the 5th February 2016 to allow temporary importation of aircrafts, for the purposes of participation in Aero Show organised by the Central Government, without furnishing a bank guarantee or cash deposit.

Date: 06-02-2019
Notification No. 08/2019 - Customs (N.T.)
Amendment of CBLR 2018

Date: 04-02-2019
Notification No. 2/2019- Integrated Tax (Rate)
Seeks to rescind Sl. No. 10D of Notification No. 09/2017-Integrated Tax (Rate) dated 28.06.2017 in relation to exemption of IGST on supply of services having place of supply in Nepal or Bhutan, against payment in Indian Rupees.

Date: 01-02-2019
Notification No. 4/2019-Customs (N.T./CAA/DRI)
Appointment of Common Adjudicating Authority by DGRI-reg.

Date: 31-01-2019
Notification No. 07/2019 – Central Tax
Seeks to extend the due date for furnishing of FORM GSTR – 7 for the months of October, 2018 to December, 2018 till 28.02.2019.

Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001