Current Affairs · International Trade Agreements
In May 2025, India and Chile signed a Terms of Reference (ToR) for a Comprehensive Economic Partnership Agreement (CEPA). Which of the following statements are correct regarding the trade relations between the two countries? 1. The signing of the ToR is a step toward expanding trade and establishing a formal framework for CEPA. 2. India and Chile had previously signed a Preferential Trade Agreement (PTA) in 2006, which was later expanded. 3. The proposed CEPA will exclusively cover trade in goods and entirely excludes services and investments.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3
- 2Both 1 and 3
- 3Only 1
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
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