NEW DELHI: India and Chile agreed to start negotiations for a comprehensive economic partnership agreement, and to ramp up defence and security cooperation, as Prime Minister Narendra Modi hosted Chilean President Gabriel Boric for bilateral talks. India also signed four agreements with Chile, including one for cooperation in Antarctica.
Modi described the Latin American country as India's gateway to Antarctica. "We welcome the expansion of mutual trade and investment and we agree that there is untapped potential for further collaboration. Today, we have instructed our teams to initiate discussions on a mutually beneficial Comprehensive Economic Partnership Agreement,'' said the PM.
He stressed that partnerships in the field of critical minerals will be emphasised. "Efforts will be made to establish resilient supply and value chains. In agriculture, we will collaborate to enhance food security by leveraging each other's strengths,'' said Modi.
Modi also lauded increasing cooperation in the field of defence, saying it's a symbol of deep mutual trust. "In this area, we will move forward to create defence industrial manufacturing and supply chains as per each other's needs,'' he said, adding that both sides will increase cooperation to face common challenges like organised crime, drug trafficking, and terrorism.
The PM also said India and Chile agree that all tensions and disputes should be resolved through dialogue, while underlining the need for UNSC reforms. "We are unanimous in saying that to face global challenges, reform of the United Nations Security Council and other institutions is necessary. Together, we will continue to contribute to global peace and stability," he said. The Chilean side reiterated its support for India's candidature for a permanent membership in UN Security Council.
Both the leaders agreed that terrorism must be combated through concerted global actions, according to a joint statement. "Both countries reiterated their commitment to work together in the Financial Action Task Force (FATF), No Money For Terror (NMFT) and other multilateral platforms to combat terrorism," the statement said.
Modi described the Latin American country as India's gateway to Antarctica. "We welcome the expansion of mutual trade and investment and we agree that there is untapped potential for further collaboration. Today, we have instructed our teams to initiate discussions on a mutually beneficial Comprehensive Economic Partnership Agreement,'' said the PM.
He stressed that partnerships in the field of critical minerals will be emphasised. "Efforts will be made to establish resilient supply and value chains. In agriculture, we will collaborate to enhance food security by leveraging each other's strengths,'' said Modi.
Modi also lauded increasing cooperation in the field of defence, saying it's a symbol of deep mutual trust. "In this area, we will move forward to create defence industrial manufacturing and supply chains as per each other's needs,'' he said, adding that both sides will increase cooperation to face common challenges like organised crime, drug trafficking, and terrorism.
The PM also said India and Chile agree that all tensions and disputes should be resolved through dialogue, while underlining the need for UNSC reforms. "We are unanimous in saying that to face global challenges, reform of the United Nations Security Council and other institutions is necessary. Together, we will continue to contribute to global peace and stability," he said. The Chilean side reiterated its support for India's candidature for a permanent membership in UN Security Council.
Both the leaders agreed that terrorism must be combated through concerted global actions, according to a joint statement. "Both countries reiterated their commitment to work together in the Financial Action Task Force (FATF), No Money For Terror (NMFT) and other multilateral platforms to combat terrorism," the statement said.
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