India’s pursuit of vital minerals took a serious step ahead this month. Commerce talks with key Latin American companions, Chile and Peru, gained vital traction.
The Commerce Ministry confirmed that the ninth spherical of India–Peru commerce negotiations was held in Lima from third to fifth November. Each side reported “substantive progress” throughout key areas. These areas embrace Commerce in Items and Companies, Guidelines of Origin, and, notably, Vital Minerals. The subsequent spherical of talks is ready for January 2026 in New Delhi.
Equally, India and Chile wrapped up the third spherical of Complete Financial Partnership Settlement (CEPA) talks in Santiago from twenty seventh to thirtieth October. These talks lined essential areas equivalent to funding, mental property, and cooperation on vital minerals.
For the primary time, India is proposing a devoted chapter on vital minerals in its Free Commerce Agreements. This transfer goals at securing long-term entry to assets, equivalent to Lithium, Copper, and Molybdenum from Chile. It additionally goals to safe Gold from Peru. These minerals are important for clear vitality applied sciences, electronics, and electrical autos.
With Chile and Peru holding among the world’s largest reserves of those metals, the FTAs may give India preferential exploration rights and steady pricing. The agreements are key to lowering its dependence on China for mineral provides.
As world competitors for vital assets intensifies amid geopolitical shifts, India’s deeper commerce engagement with Latin America indicators a strategic pivot. This goals to safeguard its industrial and vitality future.
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