India and Chile are expected to start discussions on a free trade agreement (FTA) to boost bilateral economic ties after the Lok Sabha election, said people aware of the matter.
Currently, both countries have a limited trade agreement, also known as a preferential trade agreement (PTA), in place.
The discussions are expected to start after the polls, said one of the persons cited above. A trade deal with Chile will help India get greater access to the Latin American region.
“Demand from India’s key export markets is saturated and that’s why there is a need to focus on new markets,