India-Chile expanded PTA comes into effect

The expanded Preferential Trade Agreement, PTA between India and Chile has come into effect from today. Under this trade agreement, both the countries have offered to lower or eliminate duties on a number of items traded with each other.

Chile has offered duty concessions on about 1800 goods including agricultural items, chemicals, pharmaceuticals, textiles, iron and steel items, to Indian exporters as compared to 178 items earlier. On the other hand, India has offered concessions to Chile on 1,031 products including vegetable oil, processed food, pharma, plastic, and pearls as against 296 earlier.
Important Takeaways from above News for BOB PO Exam-

  • Chile is the country in South America
  • Capital of Chile is Santiago
  • Michelle Bachelet is the President of Chile.
Source- News On AIR

If you have any other takeaways, do share with us in the comment section
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