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Q.What is the trade agreement expanded by the India - Chile recently?
A. Preferential Trade Agreement(PTA)
B. Security Agreement
C. Cultural Agreement
D. Water resource agreement
Answer: Option A

Explanation:

India and Chile will implement a bilateral expanded Preferential Trade Agreement (PTA) from May 16. The original PTA had a limited number of tariff lines, wherein both sides had extended tariff concessions to each other. The expanded PTA has a wider coverage of tariff concessions which covers around 96 percent of bilateral trade.

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