The expanded Preferential Trade Agreement, PTA between India and Chile will come into effect from today. Under this trade agreement, both the countries have offered to lower or eliminate duties on a number of items traded with each other. Chile has offered duty concessions on about 1800 goods including agri items, chemicals, pharmaceuticals, textiles, iron and steel items, to Indian exporters as compared to 178 items earlier. <br/><br/>On the other hand, India has offered concessions to Chile on 1,031 products including vegetable oil,processed food, pharma, plastic and pearls as against 296 earlier. An official release said, around 96 per cent of the total bilateral trade has bow been covered by this agreement. The expanded PTA would immensely benefit both sides as a wide array of concessions has been offered by the two countries on a number of products which will facilitate more trade.<br/> '''' <br/>