India, Chile should bolster economic ties: CII

by Dave

In my experience in the U.S. and India, I find Chilean embassy staff to be amazingly business-friendly with a facilitative, and not a bureaucratic, mindset. That bodes well to attain the goals outlined in this study.

3 years ago in Delhi, then Chilean Ambassador to India, Amb. Jorge Heine invited me to meet him, and spent an hour talking to me, after I sent an unsolicited email expressing an interest in South-South cooperation and stating my desire to work in that domain. That was a major impetus that put me on my current path to promote India Latin America collaboration. I am still amazed that he did that and thankful for his gesture.
The Hindu News Update Service

India and Latin American country Chile should set up bilateral forums to bolster the economic ties between the two nations to propel the mutual trade to $ 5 billion by 2014, industry body CII has said.

The two countries should set up bilateral forums to harness their economic linkages, a study by CII said, adding, “there is an ample scope for business with Chile and we should target $ 5 billion trade with the Latin American country by 2014.”

Chile’s trading agreements can help India access other markets in South America, it said. Chile has free trade agreements with Canada, the US, the EU, and Mexico and is a member of Latin America Integration Association.

Chile’s commercial agriculture management, supply chain linkages including cold storage, warehousing and transport can be the focus areas for India, the study said.

India’s overall trade with Chile expanded from $ 586.65 million in 2005-06 to $ 2 billion in 2007-08.

Technorati Tags: , , ,