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Current Affairs

India, Chile ink 3 MoUs

Date: 02 April 2019 Tags: India & World

India and Chile signed three MoUs in the fields of mining, culture and empowerment of persons with disabilities. The agreements will further enhance engagement in economic, social and cultural fields between the two countries.

They were signed after bilateral talks between President Ram Nath Kovind with his Chilean counterpart Sebastian Pinera. President Ram Nath Kovind visited Chile as last leg of his three nation visit to Bolivia, Croatia and Chile.

Outcomes of meeting

  • Two countries will work together to strengthen global response to defeat and destroy terrorism in all its forms and manifestations.
  • Chile will support for India`s candidature for permanent membership in reformed and expanded UN Security Council. It also reaffirmed its support for India’s candidacy as non-permanent member of UNSC for the term 2021 – 2022.
  • India invited Chilean companies to invest in Indian mining, infrastructure, defence and food processing sectors under 'Make in India', 'Smart Cities' and 'Digital India' programmes.
  • The two countries also agreed to explore opportunities for other cooperation in the defence sector.
  • India offered training slots to Chilean armed forces in premier defence institutions including for courses in mountain warfare and peacekeeping.
  • Chile to allow visa-free entry to Indian nationals holding valid US visa to promote both cultural and business ties between the two countries.

Background

Chile is the sixth largest trading partner of India in the Latin American region. This year India and Chile are commemorating 70th anniversary of establishment of diplomatic relations between both countries. Bilateral trade between two countries has registered impressive increase of 50% in 2017-18, to reach US $2.8 billion.