Union Commerce and Industry Minister Piyush Goyal has said India's free trade agreement (FTA)  with Chile is "quite ripe" for conclusion, according to news agency PTI.

The minister said the trade negotiations with Canada is making good progress while the country has started negotiations with South Africa-led Southern African Customs Union (SACU) group. In August, India and SACU had signed the terms of reference (ToR) to formally start negotiations towards a preferential trade agreement. The SACU group comprises five members including Botswana, Eswatini (formerly Swaziland), Lesotho, Namibia and South Africa.