India and Chile signed a Preferential Trade Agreement (PTA) in New Delhi last March, providing tariff preferences for identified products from both countries. The Indian products to benefit from the agreement include textiles, chemicals, pharmaceuticals, engineering and agricultural machinery. Chilean products include newsprint, cellulose, fish meal, copper, wood-boards and salmon. The agreement provides tariff preferences ranging from 10-50% on 178 tariff lines to Chile and a similar range of preferences on 296 tariff lines to India. The PTA, which covers about 91% of goods exported by India to Chile and about 98% of Chile's exports to India, is expected to be implemented in May. Source: ITTO