India Chile Preferential Trade Agreement (PTA)

Doing Business in India: Free Trade Agreements

Course summary India Chile Preferential Trade Agreement (PTA)

A Framework Agreement to Promote Economic Cooperation between India and Chile was signed on January 20, 2005. The Framework Agreement envisaged a Preferential Trade Agreement (PTA) between the two countries as a first step. (Acuerdo de Alcance Parcial entre Chile e India in Spanish).

The objectives of this Agreement are to:
- promote through the expansion of trade the harmonious development of the economic relations between India and Chile
- provide fair conditions of competition for trade between India and Chile.

The main result of the India Chile Preferential Trade Agreement (PTA) is that 98% of Chilean exports and 91% of Indian exports have an average tariff reduction of 20% since the time of entry into force. Chile lowered tariffs on 296 products from India, while India lowered tariffs on 266 Chilean products. Tariff reduction is between 10% and 50%.

The PTA came into force with effect from 2007.

Example of the course India Chile Preferential Trade Agreement (PTA):

Related International Trade Courses and Masters:  - Master Business in Asia - Master in Emerging Markets - Business in North America - Master Business in America - Master Business Asia Pacific Region - Business in South America - Master Business in America - Master in business in Latin America

Master International Business MIB for Indian students

EENI In Hindi: मास्टर विदेश पार