Chile seeks India trade pact expansion

Monday, 28 January 2013 00:00 - - {{hitsCtrl.values.hits}}

Reuters: Chile hopes to sign a free trade agreement with Thailand soon and is seeking to expand a limited one it has with India, as the Andean country looks to deepen its open, export-dependent model, foreign affairs minister Alfredo Moreno said on Saturday.

The country is also working on broader agreements, including with fellow Pacific Alliance members Colombia, Mexico and Peru as well as negotiations for the Trans-Pacific Partnership (TPP).

“Chile has just concluded negotiations with Thailand, I expect (the agreement) will be signed soon,” Moreno said.

“And (Chile) is starting negotiations with India to expand the very limited agreement we have with India.” He didn’t provide details of the agreements or time frames.

External trade represents around 75% of Chile’s Gross Domestic Product (GDP). World No.1 copper producer Chile also exports wine, fruits, salmon and wood pulp.

The South American country has increasingly turned to Asia as a growing market for its products.