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India and Chile are nearing the finalization of a free trade agreement aimed at improving access to critical minerals for Indian businesses, as announced by Commerce and Industry Minister Piyush Goyal. This agreement will upgrade the existing 2006 Preferential Trade Agreement to a Comprehensive Economic Partnership Agreement, encompassing areas such as digital services and investment. The move comes amid a significant increase in imports from Chile, highlighting the strategic importance of this partnership for India's trade landscape.