India and Chile have made significant strides in their Comprehensive Economic Partnership Agreement (CEPA) negotiations, concluding the fourth round of talks on December 5, 2025. This initiative aims to expand upon the existing Preferential Trade Agreement (PTA) to include diverse sectors such as digital services, MSME support, and critical minerals, thereby fostering deeper economic integration. The formalization of this partnership through the signing of the Terms of Reference in May 2025 and discussions during the recent state visit of Chilean President Gabriel Boric Font in April showcases the commitment of both nations to enhance their bilateral trade and investment ties. The CEPA is anticipated to unlock substantial opportunities for growth, employment, and cooperation between India and Chile.