Agencia Efe CEO Jose Antonio Vera on Friday signed a "statement of intent" with six Latin American embassies in India on the sale of the Spanish news agency's service to those diplomatic legations.

The signing opens the way for the first paid contracts for Efe's service in South Asia.

The document expresses the willingness of the parties to have closer ties, and that "the first result of this common intent" is an offer that Efe has made under preferential conditions to accredited Latin American embassies in India.

"The embassies of Chile, Colombia, El Salvador, Mexico, Paraguay and Peru have expressed their interest in accepting the offer," the statement says, indicating that the final signing of the contracts depends on the legations obtaining approval from their respective foreign ministries.

The declaration was signed by Vera and the six Latin American ambassadors - Cristian Barros of Chile, Juan Alfredo Pinto of Colombia, El Salvador's Ruben Zamora, Mexico's Jaime Nualart, Genaro Pappalardo of Paraguay, and the Peruvian Javier Paulinich.

The ceremony took place at the Cervantes Institute in New Delhi, where Spanish Development Minister Ana Pastor inaugurated an Efe photo exhibition on the travels of Spain's royal family in India.

Vera met earlier Friday with the director of the Indian news agency IANS, Tarun Basu, to explore prospects of the two organizations expanding their ways of cooperating.

The EFE chief is part of the large delegation accompanying Spain's King Juan Carlos on a visit to India centered on enhancing collaboration between the companies of the two coutries.