Ongoing negotiations for the India-Chile Comprehensive Economic Partnership Agreement (CEPA) have hit a roadblock regarding market access for highly sensitive products like gold, salmon, wine, and walnuts. While Chile is pushing for maximum tariff concessions on these high-value exports, India is looking to implement limited import quotas or a minimum import price to insulate its domestic producers and protect local market prices. Despite these hurdles, both nations have successfully agreed upon nearly 80% of the trade pact’s core framework and are aiming to resolve the remaining bottlenecks by October. Meanwhile, India is also intensifying parallel trade discussions with Peru and the MERCOSUR trade bloc to expand its footprint in Latin America.