Story perspectives

India Launches Oman FTA, Eyes Chile Minerals, Peru Talks

5/14/2026

Summary

Story summary

Minister Piyush Goyal said the free-trade pact with Oman will commence on 1 June 2026.
India is moving toward a free-trade agreement with Chile that includes critical minerals.
Free-trade talks with Peru will restart in June, and Peru, the world’s third-largest copper producer, mined about 2.7 million metric tons in 2024.
India’s copper imports rose 4 % to 1.2 million metric tons ending March 2025, with demand expected 3-3.3 million tons by 2030 and 8.9-9.8 million tons by 2047.

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Story summary

Minister Piyush Goyal said the free-trade pact with Oman will commence on 1 June 2026.
India is moving toward a free-trade agreement with Chile that includes critical minerals.
Free-trade talks with Peru will restart in June, and Peru, the world’s third-largest copper producer, mined about 2.7 million metric tons in 2024.
India’s copper imports rose 4 % to 1.2 million metric tons ending March 2025, with demand expected 3-3.3 million tons by 2030 and 8.9-9.8 million tons by 2047.