Chilean President visits India

The Chilean President Michaelle Bachalet visited India in March 2009. During this visit several important agreement were signed and both the countries decided to deepen economic ties by entering into a free trade agreement.
Created On: Dec 10, 2010 16:39 IST
Modified On: Mar 29, 2011 12:38 IST

The Chilean President Michaelle Bachalet visited India in March 2009.During this visit several important agreement were signed and both the countries decided to deepen economic ties by entering into a free trade agreement.

Trade relationship
In recent years, the preferential trade Agreement between India and Chile has helped the bilateral trade to reach $2.3 billion.The leaders of both the countries explored the possibility of entering into Free Trade Agreement in order to further improve the economic ties.Both countries have decided to double the trade in five years.In order to achieve this,Chile has decided to open a commercial office at its embassy in New Delhi.

Other agreements
Both sides also signed a memorandum of understanding on cooperation in the field of Renewable energy and education. Another agreement was signed on cooperation in the exploration and utilisation of outer space for peaceful purposes and geology and  mineral resources. Both sides also decided to cooperate in the Antarctica.Chile has invited India to join it in next Antarctica expedition which is ice coring research project.

Chilaean support for SC permanent seat
Chilean President once again repeated her country’s support for India’s permanent membership of Security Council. Even in 2008, when Indian President visited the country, Chile had supported the Indian candidacy to UN permanent seat. Chile also supported its commitment to multi-lateralism in the international sphere and a comprehensive reform of the United Nations so that developing nations can also have effective say in the international affairs.

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