India and MERCOSUR Launch Talks to Expand Trade Agreement
India and MERCOSUR launched negotiations to expand their Preferential Trade Agreement, seeking broader product coverage and deeper economic engagement. The South American bloc comprises Argentina, Bolivia, Brazil, Paraguay and Uruguay. Expansion could improve market access for Indian exporters, diversify trade partnerships and strengthen commercial links with major Latin American economies.
An expanded agreement could give Indian manufacturers, pharmaceutical companies, agricultural exporters and service providers better access to large South American markets.
Negotiators will determine additional products, preference margins, trade rules and other provisions. Any expanded agreement will require completion of negotiations and formal approval.
2004: Framework agreement signed
2009: existing preferential agreement becomes operational
September 14, 2026: expansion negotiations launched
negotiating rounds and product-list discussions follow.
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1. pib.gov.inView Original
