India-Chile PTA Benefits for Indian Exporters
India-Chile PTA — in force since 2007, widened in 2017 Overview. India-Chile PTA is in force since 17 August 2007 (applied by India from 11 September 2007) and widened from 16 May 2017. It gives fixed margins of preference on listed tariff lines; the lists were widened by an agreement signed on 6 September 2016 and applied from 16 May 2017. A fuller Comprehensive Economic Partnership Agreement is being negotiated: terms of reference were signed on 8 May 2025 and four rounds had been held by December 2025. What it gives an exporter. A lower or zero duty in Chile on the tariff lines the agreement covers, for goods that meet its rule of origin. The saving on a shipment is the difference between the normal (MFN) duty and the agreement's rate on that tariff line, so it is nothing on a line whose normal duty is already zero. Since the 2017 widening Chile gives preferences on 1,798 tariff lines at margins of 30% to 100% and India on 1,031 lines at margins of 10% to 100%. The margins are fixed; goods outside the lists get no preference. What it asks in return. Goods not wholly obtained originate if non-originating materials are at most 60% of the FOB value (40% value added) and the product…
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