India & Chile sign 4 MoUs during Prez. Gabriel Boric's visit to India
Agreements and MoU
4 min read
India and Chile have signed four Memorandum of Understanding (MoUs) during the visit of the Chilean President Gabriel Boric Font to India. President Boric was on his first official visit to India from 1-6 April 2025. He is the third Chilean President to visit India after Ricardo Lagos in 2005 and Michelle Bachelet in 2009.
The Chilean President Gabriel Boric will visit four Indian cities - Delhi, Agra, Mumbai, and Bengaluru in chronological order.
Meeting with Indian Leaders and Signing of MoUs
During his visit to New Delhi, President Boric met the Indian Prime Minister Narendra Modi, President Droupadi Murmu, and the External Affairs Minister Dr S Jaishankar.
During the meeting of both Prime Ministers, discussions were held on bilateral, regional, and global issues.
Both the leaders issued a Joint Statement after their meeting, which outlined the future direction of the Indo-Chilean bilateral relations..
Four agreements/ Memorandum of Understanding were exchanged between the two sides.
MoUs
- Letter of Intent to Strengthen Existing Antarctic Cooperation. It will facilitate joint scientific research in Antarctica.
- Bilateral Cultural Exchange Program for the period 2024 - 2028.
- Cooperation on Disaster Management.
- MoU between CODELCO, Chile, and Hindustan Copper Limited for cooperation and exchange of information regarding exploration and mining. Chile is the largest producer of Copper in the world.
Other important decisions taken
- Both countries agreed to launch a Comprehensive Economic Partnership Agreement (CEPA) negotiation to deepen trade and investment between the two countries.
- Chile to grant a Multiple Entry Permit for Indian businesspersons..
- Chile supported India’s candidature for a permanent membership in a reformed and expanded United Nations Security Council.
India-Chile Bilateral Relations
India and Chile established diplomatic relations in 1949.
Chile is the 5th largest trading partner of India amongst the Latin American countries.
A Preferential Trade Agreement (PTA) was signed between the two countries in 2016 to boost bilateral trade.
Yoga is very popular in Chile, and the Chilean government has declared 4th November as the National Yoga Day.
About Chile
Chile is situated on the South American continent along the Pacific Ocean.
It is the longest country in the world, north to south. It is 4,300 km long and has an
average width of only about 177 km.
It is the world’s largest producer of copper, and the export of copper is the major source of foreign income for Chile.
Capital: Santiago
Currency: Peso
President : Gabriel Boric
