India-Latin America Relations

Are you the ONE who don't like to take chances and waste one precious year by failing in Prelims?

Do you want to test your knowledge after reading a particular topic? Then The MCQ Factory (TMF) is for you! It provides topic wise high quality MCQs for testing your knowledge in a particular topic. More details here

Why is Latin America important for India?

  • In 2016-17, India exported more to Mexico ($3.5 billion) than to neighbours such as Thailand ($3.1 billion), Myanmar ($1.7 billion) and Iran ($2.4 billion) or traditional trade partners Russia ($1.9 billion) and Canada ($2 billion).
  • India’s trade with the Dominican Republic ($900 million) was more than the trade with Portugal, Greece and some other European countries.
  • India beat China in export of pharmaceuticals to Latin America. India’s exports were $651 million in comparison to China’s $404 million in 2016. In fact, in the last five years, India has been exporting more pharma to Latin America than China.


What is Pacific Alliance?

  • The Pacific Alliance is a Latin American trade bloc, formed by Chile, Colombia, Mexico and Peru, which all border the Pacific Ocean.
  • These countries have come together to form an area of integration with the purpose of ensure a complete freedom in the movement of goods, services, capital, and people.


What is India’s Role in Pacific Alliance?

  • India enjoys an observer status at the annual summit of Pacific Alliance
  • A key area for collaboration for PA and India could be understanding the impacts of El-Nino and its common approach against this weather pattern. Countries dependent upon agriculture and fishing, particularly those bordering the Pacific Ocean, are the most affected by El-Nino. All PA states have coasts along the Pacific.
  • PA is turning out to be an integrated market and it opens up opportunities for India in SMEs sector, trade facilitation, science & technology innovation and export of Indian pharmaceutical products.
  • The Indian elephant has already engaged the tigers of Asia. It is now the turn of the pumas of the Pacific . (Can be used in conclusions of answers)



  • A combination of government initiatives and private ventures and diplomatic engagements have to be increased if we have to realise the full potential of India-LAC ties.