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International Affairs
SPEECH BY SHRI K. R. NARAYANAN, PRESIDENT OF INDIA, WHILE ACCEPTING CREDENTIALS FROM MR. MANUEL CARDENAS AGUIRRE, AMBASSADOR-DESIGNATE OF THE REPUBLIC OF CHILE TO INDIA

NEW DELHI, AUGUST 3, 2000

Excellency,

I have great pleasure in accepting Your Excellency's Letter of Credence as Ambassador Extraordinary and Plenipotentiary of the Republic of Chile to India, and in extending to Your Excellency a warm welcome to my country.

Relations between India and Chile are cordial and friendly. We have also engaged in close collaboration in various international fora in the cause of world peace and development. It is a matter of great satisfaction to me that both the countries are keen to strengthen and diversify their already existing cooperative relationship.

We in India have watched with growing admiration Chile's triumphant transition to democracy and the remarkable success your country has had in the economic arena. It is this recognition of your achievements that has led to expressing our intention to sign a Free Trade Agreement with Chile. Also, only last week, as many as eighty-seven Indian companies participated in a week-long "EXPOINDIA 2000" exhibition in Santiago. It is hoped that this interaction between the private sectors of the two countries would lead to substantial increase in bilateral trade and investment.

Excellency, Chile has been playing an important role in major regional economic groupings. You are already a member of APEC and are likely to become a full member of MERCOSUR in the near future. We in India recognize the growing importance of Latin America in international affairs and would like to seek your assistance in developing institutional linkages with major economic groupings in the region.

Excellency, despite geographical distance and communication barriers our bilateral trade has been growing steadily. There are a number of areas such as information technology, biotechnology, pharmaceuticals, etc., where Indians have reached global standards. Chile, too, has a highly trained and motivated work force and rich natural resources that form the basis of its economic prowess. We look forward to cooperation between our two countries to harness resources in such a way that both the countries can benefit.

I take this opportunity, Excellency, to assure of my government's full support and cooperation in the discharge of your responsibilities. I am confident that relations between India and Chile will be further strengthened and assume their true potential during your tenure in India.

I wish Your Excellency all the success and personal happiness during your stay here. I would also like to avail of this opportunity to convey through you to H.E. President Ricardo Lagos Escobar, my most cordial greetings and my very best wishes for the progress and prosperity of the people of Chile.

Thank you

Jai Hind
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