Chile-led Pacific Alliance complements India's Indo-Pacific construct

Chile, riding on Pacific Alliance (PA) Presidency, hopes to emerge as a key partner for India in the Indo-Pacific region amid efforts by the Alliance to explore cooperation beyond Latin America to thwart trade protectionism. 

 

Further Chile has identified climate change, digital economy, e-commerce and fight against corruption as its priorities finding a common ground with the Modi government. Chilean President Sebastian Pinera has met PM Narendra Modi twice since last November -- on the sidelines of the G-20 Summits in Argentina and Japan. Chile besides India has also been invited at the G-7 Summit in France in August and the two leaders might meet there. 

 

PA led by Chile hopes to complement India’s Indo-Pacific construct. With India looking to add momentum to the Indo-Pacific construct extending from Eastern Africa to the Pacific, the Pacific Alliance could provide an appropriate platform. 

 

President Ram Nath Kovind visited Chile earlier this April and the two sides signed three MoUs in the fields of mining, culture and disability. Chile is the sixth largest trading partner of India in the Latin American region. The bilateral trade between the two nations registered an impressive increase of 50 per cent in 2017-18, to reach $ 2.8 billion. The two also has Preferential Trade Agreement or PTA. 

 

The President had invited Chilean companies to invest in Indian mining, infrastructure, defence and food processing sectors under 'Make in India', 'Smart Cities' and 'Digital India' programmes. Given our commitment to environment and sustainability, India is particularly keen to strengthen lithium partnership with Chile...Indian companies are also eager to strengthen their presence in Chile especially in IT, pharma, automobiles and mining sectors, Kovind said. India is seeking to source lithiufrom Argentina, Chile and Bolivia.