Chile & India's expanded PTA goes into effect
The expanded PTA would immensely benefit both sides as a wide array of concessions has been offered by both sides on a number of tariff lines which will facilitate more two way trade. For India, major items of import from Chile are fruits & nuts excluding cashews, fertilizers, machinery and other goods.
The expanded PTA has a wider coverage wherein Chile has offered concessions to India on 1798 tariff lines with Margin of Preference (MoP) ranging from 30%-100% and India has offered concessions to Chile on 1031 tariff lines at 8-digit level with MoP ranging from 10%-100%.
source: pib.nic.in
