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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. The move aims to strengthen economic cooperation and expand trade relations between India and Latin American markets. WHAT IS MERCOSUR? Aspect Details Full Form Mercosur stands for Southern Common Market. Member Countries Brazil, Argentina, Uruguay, and Paraguay. Objective Formed to promote free trade and the movement of goods, people, and currency among member nations. WHAT IS THE INDIA-MERCOSUR PTA? Aspect Details Enforcement Date The India-Mercosur Preferential Trade…
22 April, 2026
India and brazil
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