India-MERCOSUR Talks to Expand Preferential Trade Agreement

On 14th September 2026, India and MERCOSUR launched negotiations to expand their existing Preferential Trade Agreement (PTA).

Key Points

Negotiation Framework: India and MERCOSUR are finalising Terms of Reference for the expanded agreement.
Expansion Objective: The proposed agreement will cover additional areas of mutual economic interest.
Economic Benefits: Expansion aims to improve market opportunities and strengthen private-sector engagement.
Existing Agreement: The current PTA provides preferential access for selected products traded between both sides.
MERCOSUR Members: The bloc comprises Argentina, Brazil, Paraguay, Uruguay and Bolivia.