India and Brazil to Expand Trade Pact under Mercosur Bloc

On 16th October 2025, India and Brazil agreed to expand the scope of their existing Preferential Trade Agreement (PTA) under the Mercosur bloc, in a move aimed at boosting economic and trade relations.

What is Mercosur?

  • Mercosur (Southern Common Market) is a Latin American trading bloc comprising Brazil, Argentina, Uruguay, and Paraguay.
  • It was formed to promote free trade and the fluid movement of goods, people, and currency among member nations.

What is the India–Mercosur PTA?

  • The India–Mercosur Preferential Trade Agreement (PTA) came into effect on June 1, 2009.
  • It currently covers only 450 tariff lines (specific products ....
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